Foreigners net buyers of Japanese stocks for second straight week

JAPAN TOBACCO

10/11/2022 07:02

Nov 10 (Reuters) - Foreign investors were net buyers of
Japanese stocks for a second straight week in the week to Nov.
4, as strong earnings outlook of some domestic companies boosted
investor sentiment.
    Foreigners purchased Japanese stocks worth a net 247.9
billion yen ($1.70 billion), which compared with 178.89 billion
yen worth of net buying in the previous week, data from
exchanges showed.
    Foreigners drew a net 390.44 billion yen worth of cash
equities but withdrew 142.54 billion out of derivatives, after
two weeks of buying in a row.
    A fresh batch of Japanese companies reported upbeat earnings
last week. Hitachi  6501.T  and Japan Tobacco  2914.T  raised
their earnings forecasts, while Panasonic Holdings  6752.T 
posted profits that beat analysts'
estimates. urn:newsml:reuters.com:*:nXB02RLQR3 urn:newsml:reuters.com:*:nL1N31W0G1
    Last week, the Topix index  .TOPX  gained 0.86% and the
Nikkei share average  .N225  added 0.35% in a second straight
week of rise.
    Meanwhile, overseas investors sold a net 322.5 billion yen
worth of Japanese bonds last week, which marked a second
successive week of net selling.
    Japanese investors, on the other hand, disposed of a net 1.6
trillion yen worth of foreign equities in their biggest weekly
net selling since July 2020. They also exited 519.9 billion yen
worth of overseas bonds. 
($1 = 146.1200 yen)
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Japanese investments in stocks abroad    https://tmsnrt.rs/3A2IbIu
Foreign flows into Japanese stocks    https://tmsnrt.rs/3WOh2CQ
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 (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru;)
 ((gaurav.dogra@thomsonreuters.com))