Japanese stocks see biggest weekly foreign inflow in five weeks

Ajinomoto Co

09/03/2023 07:25

March 9 (Reuters) - Foreign investors were big buyers in
Japanese stocks in the week ended March 3, thanks to upbeat
results from domestic firms and data showing robust
manufacturing activity from China. 
    Overseas investors purchased Japanese equities worth a net
699.84 billion yen ($5.12 billion), marking their biggest weekly
net buying since Jan. 27, data from exchanges showed.
    They secured a net 799.28 billion yen worth of derivatives
but exited 99.44 billion yen worth of cash equities.
    In a boost to Japanese stocks last week, Fast Retailing
 9983.T  posted robust same-store sales at its Uniqlo brand,
while processed food maker Ajinomoto  2802.T  raised its annual
profit forecast. 
    The Nikkei share average  .N225  surged 1.73% last week,
marking its biggest weekly gain since Jan. 27, while the Topix
index  .TOPX  added 1.57%.
    Meanwhile, foreign investors offloaded a net 990.8 billion
yen worth of Japanese bonds last week after disposing of a net
225.3 billion yen worth in the previous week.
    They withdrew 800.7 billion yen from long-term bonds and
190.1 billion yen from short-term bonds.
    On the other hand, Japanese investors exited 18.4 billion
yen worth of foreign equities in a sixth straight week of net
selling. They also disposed of 190.9 billion yen worth of
overseas bonds.


($1 = 136.6400 yen)

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Foreign flows into Japanese stocks    https://tmsnrt.rs/3FbljJv
Foreign flows into Japanese debt securities    https://tmsnrt.rs/3Fx7xRJ
Japanese investments in stocks abroad    https://tmsnrt.rs/3L9EyqH
Japanese investments in overseas debt securities    https://tmsnrt.rs/3FbXvVL
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 (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by Janane Venkatraman)
 ((gaurav.dogra@thomsonreuters.com))