Nikkei rises after days of falls

<p>The Nikkei is up this morning after three days of drops.</p>

The Nikkei has started to cancel out three successive days of falls in its value by rising in this morning's (April 17th) trading session.

Stocks on the index rose 0.8 per cent to 13,326.39 during the day, after losing 2.4 per cent of its total value over the past three days. According to a report by Reuters, the Nikkei now stands 1.8 per cent below a nearly five-year high of 13,568.25 reached last week.

There was good news as well for the Topix index, which gained 0.9 per cent to 1,128.72 during the course of the morning session.

"After seeing a pull-back, there is an opportunity for buying on the dips," said Yutaka Miura, a senior technical analyst at Mizuho Securities.

Weaker than expected growth data for China had weighed heavily on the Nikkei in the last week. Analysts had forecast eight per cent growth, but the official figures came in at 7.7 per cent.

The Nikkei was down again on the back of the news of two explosions at the Boston Marathon.

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