Japanese Shares Fall Ahead of US CPI
The Nikkei 225 Index fell 0.5% to below 36,000 while the broader Topix Index dropped 0.6% to 2,560 on Wednesday, extending losses from the previous session as caution dominated sentiment ahead of a crucial US inflation reading.
That would be the last major data released before the Federal Reserve decides on monetary policy next week. Japanese stocks also continued to face pressure from a strong yen amid expectations that the Bank of Japan will raise interest rates again before the year ends.
On the economic front, manufacturing sentiment in Japan declined to a seven-month low in September amid concerns about soft Chinese demand. Notable losses were seen from index heavyweights such as Toyota Motor (-1.1%), Mercari (-1.5%), Fast Retailing (-1.4%), Terumo Corp (-1.9%) and Mitsubishi Corp (-1.2%).
Source : Bloomberg
