The Nikkei enjoyed a successful day of trading today (November 12th) and rose to a new three-week high for the index.
Just a couple of days after the Nikkei had fallen to a one-month low, it added 2.2 per cent to end the day up to 14,588.68, which was its largest daily gain since September.
The index had also hit its top point since October 23rd and the broader Topix index rose as well, seeing a 1.7 per cent rise to 1,205.41.
Sony Corp and Advantest Corp were among the companies to experience rises in their stocks during today's session, while Obayashi Corp fell by three per cent and Kajima Corp was a major faller as well.
The dollar was up to 99.59 yen, which was its highest point compared to the Japanese currency for close to two months.
Last week, the Nikkei had fallen by 0.8 per cent, but this loss was immediately cancelled out by the 1.3 per cent rise the index recorded yesterday to kick off the new week.
Learn about the Asian markets and CFD trading at City Index
GAIN Capital UK Limited (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.