Nikkei jumps to 7-1/2-week high

<p>The Nikkei has reached its highest point in the last seven-and-a-half weeks.</p>

The Nikkei is up today (July 16th) and closed the session at its highest point in almost two months.

Wall Street has been strong in the last few weeks and this appears to have rubbed off on the Nikkei as well, which rose by 0.6 per cent to 14,599.12 points during today's trading.

According to a report by Reuters, this is the highest point it has closed at since May 24th. The Nikkei hit five-and-a-half year highs during May but fell away sharply shortly afterwards.

In the last couple of months, the index has been rebuilding the damage caused by that drop and has slowly been making its way back to those levels.

Wall Street stocks have been hitting new highs in the last few days, with both the Dow Jones and the S&P 500 breaking records.

The broader Topix index was also up today, experiencing a 0.7 per cent rise to end the day of trading at 1,210.54.

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