New five-and-a-half year high for Nikkei

<p>The Nikkei is up to a new five-and-a-half year high.</p>

The Nikkei is continuing to perform strongly in 2013 and this morning (May 21st) it has gone on to hit another five-and-a-half year high.

Having dropped earlier in the day, the market responded well and was recorded up at the midday break thanks to the performance of major companies such as Sharp.

The electronics firm saw its share price rise by 8.7 per cent over the course of the morning's trading, while there were also strong gains for Tokyo Electric, which Reuters reports rose by more than 12 per cent.

At the break, the Nikkei had risen 0.1 per cent to 15,381.02, having been in and out of negative territory in choppy trade during the course of the morning.

Since the turn of the year, the Nikkei has gained 48 per cent, with the index one of the best performing markets in the world for 2013 as a whole so far.

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