The Nikkei has continued its recent resurgence this week by climbing to a new one-week high.
After gaining by around one per cent yesterday (October 9th), today's trading saw the index up by 1.1 per cent to hit its highest point in the last week, reports Reuters.
Some of the biggest stocks on the Nikkei rose to boost its value over the course of the session, with car manufacturers Honda and Toyota both seeing their share price increase.
While the Nikkei rose by 1.1 per cent to end the day at 14,194.71, which is its highest point since October 3rd, the broader Topix was up one per cent to 1,177.95.
Hopes the US government shutdown could soon come to an end was cited as one of the main reasons for the improved position of the Nikkei in the last two days.
US president Barack Obama is still trying to get Congress to agree to a new budget deal ahead of a deadline relating to the country's debt ceiling.
Learn about the Asian markets and CFD trading at City Index
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.