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

NITTO DENKO

12/08/2022 08:25

Aug 12 (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.
    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  2801.T  and automaker Subaru
Corp  7270.T , while air-conditioning systems maker Daikin
Industries  6367.T  lifted its profit outlook.  urn:newsml:reuters.com:*:nXB15SR1EB
    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  .N225  gained 1.35% last week and
the Topix index  .TOPX  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.

($1 = 133.2400 yen)

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Foreign flows into Japanese stocks    https://tmsnrt.rs/3JM2E89
Japanese investments in stocks abroad    https://tmsnrt.rs/3QHf439
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 (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by William Mallard)
 ((gaurav.dogra@thomsonreuters.com))