Nikkei up to one-week high

<p>The Nikkei has reached a one-week high.</p>

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.

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