Nikkei rises despite Nissan losses

<p>Nissan’s share price dived today.</p>

The Nikkei broke a two-day losing run during today's (November 5th) trading session, despite major losses being sustained by Nissan.

SoftBank Corp and Kubota Corp were among the big gainers on the index, which rose by 0.2 per cent to end the session at 14,225.37, Reuters reports.

This helped to erase some of the losses sustained by the index during the last two sessions, although the poor performance of Nissan weighed heavily on the market.

The carmaker dropped to a seven-month low after its share price dived by more than ten per cent on the back of news it has cut its annual profit forecast for the year.

Nissan has blamed the "sluggish" condition of the market in Europe for its expected fall in profits.

Kubota recorded a rise of almost eight per cent in its stock's value today, while shares in Minebea Co were up by close to 17 per cent by the end of the day.

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