Nikkei rebounds from three days of losses

<p>The Nikkei has bounced back to record a gain.</p>

The Nikkei rose in value today (September 26th), breaking three days of losses for the index.

It had been a slow start to the week for the Nikkei, which dropped by 0.1 per cent on Tuesday and 0.8 per cent on Wednesday after being closed on Monday for a Japanese public holiday.

According to a report by Reuters, claims that the government might cut corporate taxes provided a boost to the index during the session, while there was also speculation a huge state pension fund may increase how much it invests in stocks.

The Nikkei grew in value by 1.2 per cent to end the day at 14,799.12, but it had to climb back from being 1.4 per cent down at one point during the day.

A gain for the week now looks likely as long as the Nikkei isn't hit by a big loss tomorrow.

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