Nikkei approaches three-week high

<p>The Nikkei is up by three per cent today.</p>

The Nikkei has risen in value by three per cent today (September 3rd), to close in on a three-week high for the index.

After August turned out to be a slow month for the Nikkei – which dropped by 0.1 per cent over the course of the month – September has had a bright start.

The Nikkei was up by 1.4 per cent yesterday to get the month off to a flyer and followed that up with three per cent gains today to close the session at 13,978.44, which is its highest level since the middle of August.

According to a report by Reuters, it was also a good day for the Topix, which rose by 2.8 per cent to 1,149.18, although trading on the broader index was subdued.

The Nikkei is now up by 34 per cent since the start of the year, although it has dropped 12 per cent since the peak it recorded in May.

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