Nikkei rebounds 2.5%

<p>The Nikkei is up by 2.5 per cent today.</p>

The Nikkei index rose by 2.5 per cent at one point today (August 6th), cancelling out the losses sustained yesterday on the opening day of the new week.

Having slipped by 1.4 per cent on Monday, the Nikkei increased its value by one per cent by the end of the trading session.

According to a report by Reuters, this rebound in its value came following talk the central bank was buying exchange-traded funds.

It is also claimed that a massive public pension fund is considering increasing its allocation mix to buy more stocks and this boosted the Nikkei during today's trading.

The Nikkei had been down by 1.6 per cent at one point in the session but was able to recover later in the day, resulting in a 2.5 per cent jump from its lowest daily mark.

Volumes had been thin on both the Topix index and the Nikkei yesterday, with activity up today.

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