Nikkei bounces back from Friday’s losses

<p>The Nikkei has got the new week off to a good start.</p>

The Nikkei has bounced back from some of the losses it sustained at the end of last week.

Having fallen by 2.8 per cent on Friday (October 25th) to hit a new two-and-a-half week low of 14,088.19, the index was able to get the new week off to a good start by erasing most of those losses.

It rose in value by 2.2 per cent to close the session at 14,396.04, although investors remained in a cautious mood, reports Reuters.

The broader Topix also experienced a good first day of trading for the new week and the index rose 1.7 per cent to close up at 1,198.36 in relatively light trade.

KDDI Group was among the major fallers on the Nikkei last Friday and it lost 5.34 per cent, but the firm was able to bounce back today with its share price up by more than three per cent.

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