Nikkei bounces back from one-month low

<p>The Nikkei has recovered from the one-month low hit yesterday.</p>

The Nikkei has recorded growth for the first time in five sessions to bounce back from the one-month low it reached today (July 30th).

After the index lost 3.3 per cent of its value yesterday, it rebounded with 1.5 per cent expansion during the course of today's trading session.

According to a report by Reuters, a contributing factor to the Nikkei's growth was the yen's retreat against the dollar, which drove exporters higher today.

Yesterday, the Nikkei had dropped to its lowest level since June 27th and the losses sustained at the end of last week meant it recorded a first weekly drop in six weeks.

While the Nikkei rose by 1.5 per cent to 13,869.82 today, the broader Topix rose 1.8 percent to 1,148.53.

Before the improvement in the Nikkei today, the index had dropped by as much as eight per cent in the last few days as a result of a string of poor performances.

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