The Nikkei has continued its fine start to the new month by recording a 1.5 per cent rise in its value during trading today (September 10th).
It closed the session at 14,423.36 – its highest level since August 2nd – as the index responded strongly to the news the 2020 Olympic Games are to be held in Tokyo.
According to a report by Reuters, retail investors in particular have been flocking to the Nikkei in the last couple of days after the Olympics decision was made over the weekend.
September has been good for the Nikkei so far, with the index recording gains in its value every day so far this month apart from last Friday.
Yesterday saw the Nikkei rise by 2.5 per cent as the index bounced strongly on the back of the news about the 2020 Olympics.
Spanish capital Madrid and Turkish city Istanbul were both in the running, but Tokyo won the vote easily in the end.
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.