Nikkei records fourth successive weekly rise

<p>The Nikkei is up for the fourth week in a row.</p>

The Nikkei fell back today (September 27th), but still recorded another weekly gain.

After a 0.3 per cent dip for the day, the Nikkei was up by just 0.1 per cent for the week, but this was still the fourth week in a row it has closed higher.

According to a report by Reuters, the Nikkei slipped back to 14,760.07 after being up earlier in the day, while the broader Topix index eased 0.2 per cent to 1,217.52.

The Nikkei's weekly gain comes after it grew in value in just one of the four days it was open after being closed for a public holiday in Japan on Monday.

It lost 0.1 per cent on Tuesday and 0.8 per cent on Wednesday but then bounced back with growth of 1.2 per cent to end the day at 14,799.12 yesterday.

This week, it was also revealed that there are plans to launch a new stock market in Japan.

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