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.

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.