Nikkei drops back 0.7%

<p>The Nikkei fell by 0.7 per cent during trading today.</p>

The Nikkei has begun the new week by recording a 0.7 per cent dip in its value.

During today's (September 17th) trading on the index, investors were concerned over speculation the US Federal Reserve could be set to reduce its quantitative easing scheme.

After the stock market was closed on Monday for a public holiday, the index fell by 0.7 per cent today to cancel out some of the strong gains made over the course of the last two weeks.

According to a report by Reuters, the Nikkei rose to as high as 14,474.53 during the session, but dropped back to end the day at 14,311.67 after a choppy period of trading.

The Topix also had a bad start to the new week, falling by 0.3 per cent to 1,181.64.

Last Friday, the Nikkei grew to ensure it was up by almost four per cent over the course of the week, with the gains made possible by the announcement Tokyo will be hosting the Olympic Games in 2020.

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