Nikkei up to new three-week high

<p>The Nikkei is up for the seventh day in a row.</p>

The Nikkei's strong gains have continued today (October 17th), with the index up to a new three-week high.

It is the seventh day of trading in a row that the index has ended higher, with investors reassured by the end of the US debt crisis as Congress agreed a new budget deal.

According to a report by Reuters, the Nikkei was up by 0.8 per cent and ended the session at 14,586.51, which is its highest closing figure of the month.

However, it could have been an even better day for the index, as it was up as high as 14,664.22 at one point during today's session.

The broader Topix index also had a good day of trading, posting a 0.8 per cent to close the session at 1,206.25.

A seventh day of gains for the Nikkei means its good run looks set to continue for a while yet. It is already on its best series of successive trading sessions for more than seven-and-a-half months.

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