Nikkei recovers from 3-week low

<p>The Nikkei has bounced back from yesterday’s three-week low.</p>

The Nikkei has bounced back in today's (May 8th) trading session, recovering from the three-week low the index dropped to yesterday.

Following a hefty daily loss that saw the Nikkei slip to its lowest point since April 16th yesterday, the Nikkei recovered with a one per cent increase to 14,168.99 this morning.

“Overseas factors seem to have stabilised sentiment a bit, but there isn't much long buying from foreigners yet," Hikaru Sato, a senior technical analyst at Daiwa Securities, told Reuters.

"The benchmark will likely be contained in a range of 14,000-14,500 for the time being.

Among the companies to gain during today's recovery were Toyota, which was up by 0.6 per cent, Fast Retailing, which rose 2.6 per cent, and Tokyo Electron, which was up 2.7 per cent.

However, the share price of Nintendo fell by more than five per cent following the announcement by the company that it annual loss was greater than had been anticipated.

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