Nikkei continues run of gains

<p>The Nikkei has recorded a fifth day in a row of gains.</p>

The Nikkei has continued its strong run of recent performances by recording a rise in its value for the fifth session in a row.

During today's (May 28th) trading on the Japanese stock market, it closed 0.2 per cent higher to finish the day at 14,670.95.

However, there was a large drop in the value of Mitsui Fudosan shares, with stocks in the firm down by almost five per cent over the course of the session.

It was not just the Nikkei that had a good day, as there was a 0.3 per cent rise on the broader Topix to 1,198.17. It was a clean sweep of gains in Japan as well, as the new JPX-Nikkei Index 400 rose by 0.2 per cent to 10,926.66.

Mitsui stocks fell badly after the company revealed plans to raise up to 324.6 billion yen (£1.9 billion) in a share sale.

Hideyuki Shinkai of Norinchukin Trust & Banking Co in Tokyo told Bloomberg: "Following Mitsui Fudosan, there is a possibility that others may raise funds to invest."

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