Nikkei up after four days of losses

<p>The Nikkei has broken its four-day losing streak.</p>

A four-day losing streak has been broken for the Nikkei as the index recorded its first daily increase in value for almost a week today (October 8th).

It rose by 0.3 per cent to end the session at 13,894.61, erasing some of the losses sustained in the last few days.

But it was a choppy day of trading for the index, which fell to a new five-week low of 13,748.94 that was reached earlier in the day.

While the Nikkei was up for the day, the Topix added 0.2 per cent to 1,150.13, with 2.64 billion shares sold, reports Reuters.

Other Asian markets gained as well as the Nikkei, though the ongoing government shutdown in the US is continuing to have an impact on trading levels around the world.

President Barack Obama is still trying to force through a new budget deal ahead of a debt ceiling deadline on October 17th, but has met strong opposition from Republicans.

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