Nikkei hits four-week high after slim gains

<p>The Nikkei has recorded slim gains to hit a four-week high.</p>

The Nikkei's good month continued today (September 5th) after the index hit a new four-week high and recorded a fourth successive day of gains.

It has increased in value every day this week so far and today's trading saw it grow by 0.1 per cent to 14,064.82, while the broader Topix index also gained 0.1 per cent to end the day at 1,157.84.

According to a report by Reuters, trading was choppy and investors are awaiting the decision on Tokyo's bid to host the 2020 Summer Olympics.

But the Nikkei is on the rise and is closing in on a one-month high after a strong start to September.

Last week, the index fell by 0.1 per cent and this meant that the Nikkei was down 0.1 per cent for August as a whole.

The auto sector outperformed the index during trading today on the back of strong sales data out of the US.

Learn about the Asian markets and CFD trading at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.