Foreign investors made hefty investments in Japanese stocks in the week ended July 5, driven by a market rally and optimism over the outlook for solid corporate earnings in the second half of the year, reports Reuters.
According to exchange data, overseas investors bought Japanese stocks worth a net 916.05 billion yen ($5.67 billion) last week, their biggest weekly net purchase since Jan. 12.
Investors snapped up derivative contracts of around 732.36 billion yen while securing cash equities of about 183.69 billion yen on a net basis.
The Nikkei share average jumped 3.36 per cent last week, registering its best weekly gain since March 22. The broader Topix index advanced 2.65 per cent.
The Nikkei hit an all-time high on Thursday, crossing 42,000 points for the first time, and the Topix index hit a record closing high of 2,929.17.
Japanese stocks log biggest weekly foreign inflow in nearly six months
FE Team | Published: July 11, 2024 23:42:36
Japanese stocks log biggest weekly foreign inflow in nearly six months
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