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.
Learn about the Asian markets and CFD trading at City Index
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.