Nikkei rises on Fast Retailing gains

<p>Gains for Fast Retailing pushed the Nikkei higher.</p>

The Nikkei ended trading up today (July 11th), with strong gains for Fast Retailing helping to push the index higher.

It closed the day up 0.4 per cent after dropping by as much as one per cent in the morning session, indicating the recent choppy trade is no closer to levelling out.

Fast Retailing was one of the best performing stocks on the index today and by the end of the session it was up by 1.8 per cent, reports Reuters.

The yen's surge against the dollar had an immediate impact on the health of the Nikkei when it opened today, but the boost to Fast Retailing soon cancelled out the early losses.

It has been a topsy-turvy week for the Nikkei so far, which was down 1.4 per cent on Monday before bouncing back with an impressive 2.6 per cent rise on Tuesday.

However, it fell away slightly on Wednesday with a 0.4 per cent dip and could therefore still record a weekly loss with a poor performance tomorrow.

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