Nikkei rises on Wednesday

<p>The Nikkei was up in today’s trading.</p>

The Nikkei has rebounded in today's trading (April 3rd) after it started the week with two successive days of losses.

It was up by 204.03 points to 12,207.46 by the midday break after it dropped by more than three per cent in the last two days.

Index heavyweight Fast Retailing Co helped to fuel the rise in the Nikkei and it was up by more than ten per cent over the course of the day, reports Reuters.

The company's boost came after its Uniqlo casual clothing chain posted a 23.1 per cent rise in same-store sales in March on 12 months ago.

Analysts told the news provider that as selling by short-term investors was overdone early this week, which resulted in the losses on the Nikkei on Monday and Tuesday. But investors have bought stocks on the dips on Wednesday.

Stefan Worrall, director of cash equities at Credit Suisse in Tokyo, previously explained the Nikkei was down due to investors taking their profits out of the index.

Learn about the Asian markets and CFD trading at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

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.

For further details see our full non-independent research disclaimer and quarterly summary.