Japanese stocks attract foreign inflows for fourth week in a row
09/02/2023 08:15
Feb 9 (Reuters) - Foreign investors were net buyers of
Japanese stocks for a fourth straight week in the week ended
Feb. 3, buoyed by a rally in technology and growth stocks,
following a more dovish-than-expected message from the U.S.
Federal Reserve Chair Jerome Powell.
Overseas investors purchased Japanese equities worth a net
243.02 billion yen ($1.85 billion) after 1.32 trillion yen worth
of net buying in the previous week, data from exchanges showed.
They secured a net 249.46 billion yen worth of derivatives
but exited 6.74 billion yen worth of cash equities.
Strong earnings performances of some domestic companies also
boosted investor sentiments last week.
Electronics component maker Alps Alpine 6770.T jumped 8%
in the week ended Feb. 3 after reporting upbeat results, while
shares of Sony Group 6758.T hit an eight-month high after it
raised profit forecasts.
However, Japanese equity benchmark indexes were mixed. The
Nikkei share average .N225 added 0.5% and hit a seven-week
high, while the Topix index .TOPX witnessed a decline of 0.6%.
BOND BUYING
Meanwhile, foreign investors secured a net 1.18 trillion yen
worth of Japanese bonds, marking their first weekly net buying
in four weeks.
They drew 951 billion yen worth of short-term and 231
billion yen worth of long-term Japanese debt securities.
Japanese investors, also in their first weekly net buying in
three weeks, obtained a net 1.22 trillion yen worth of overseas
bonds. They poured 1.13 trillion yen into long-term and 95.1
billion yen into short-term overseas bonds.
However, Japanese investors exited 543.5 billion yen worth
of foreign equities in a second straight week of net selling.
($1 = 131.2600 yen)
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Foreign flows into Japanese stocks https://tmsnrt.rs/3K22xXY
Foreign flows into Japanese debt securities https://tmsnrt.rs/40Lhio3
Japanese investments in overseas debt securities https://tmsnrt.rs/3Ik4wpH
Japanese investments in stocks abroad https://tmsnrt.rs/40JVnO4
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(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by Janane Venkatraman)
((gaurav.dogra@thomsonreuters.com))