Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Foreigners net buyers of Japanese stocks in the week to Aug 5 after a weekly sale

Published 08/12/2022, 03:52 AM
Updated 08/12/2022, 03:57 AM
© Reuters. FILE PHOTO: A person wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Nikkei index outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon

© Reuters. FILE PHOTO: A person wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Nikkei index outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon

(Reuters) - Foreigners turned net buyers of Japanese stocks in the week ended Aug. 5 as a batch of upbeat corporate earnings reports boosted sentiment.

Overseas investors bought Japanese stocks worth a net 336.86 billion yen ($2.53 billion) last week, after disposing of 150.18 billion yen in the previous week, data from exchanges showed.

GRAPHIC: Foreign flows into Japanese stocks https://fingfx.thomsonreuters.com/gfx/mkt/gkvlgobaepb/Foreign%20flows%20into%20Japanese%20stocks.jpg

They acquired derivatives of 418.94 billion yen while exiting 82.08 billion yen worth in cash equities.

Among the positive Japanese business results last week were food manufacturer Kikkoman Corp and automaker Subaru (OTC:FUJHY) Corp, while air-conditioning systems maker Daikin Industries lifted its profit outlook.

Foreigners' buying pattern has been erratic in recent weeks as inflows alternate with small outflows, reflecting continued caution over global growth.

The Nikkei share average gained 1.35% last week and the Topix index added 0.35%, after both having lost ground in the week before.

Outsiders bought Japanese bonds worth a net 2.84 trillion yen last week, their biggest weekly purchase in three months, finance ministry data showed.

Japanese investors acquired overseas bonds of 900.2 billion yen and disposed of 1.04 trillion yen in foreign equities after seven weekly net purchases in a row.

© Reuters. FILE PHOTO: A person wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing Nikkei index outside a brokerage in Tokyo, Japan, February 14, 2022. REUTERS/Kim Kyung-Hoon

GRAPHIC: Japanese investments in stocks abroad https://fingfx.thomsonreuters.com/gfx/mkt/zjpqkbnydpx/Japanese%20investments%20in%20stocks%20abroad.jpg

($1 = 133.2400 yen)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.