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Immigrants turn net purchasers of Japanese stocks in week to Might 6

Byadmin2

May 12, 2022
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A male using a protective face mask is reviewed a stock quote board at a brokerage, amidst the coronavirus illness (COVID-19) break out, in Tokyo, Japan November 6, 2020. REUTERS/Issei Kato/Files

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Might 12 (Reuters) – Foreign financiers were net purchasers of Japanese stocks in the week ended Might 6 as some financiers scooped up shares in banking and commodity-related sectors, regardless of a sell-off in more comprehensive Asian markets.

Abroad financiers bought Japanese stocks worth a net 100.83 billion yen ($ 779.33 million) in a holiday-shortened week, compared to net selling of 20.95 billion yen in the previous week, information from Japanese exchanges revealed.

Foreign circulations into Japanese stocks

They purchased 51.46 billion yen in money equity markets and 49.37 billion yen worth of derivatives.

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Financiers purchased shares that were resistant amidst inflation and increasing U.S. Treasury yields. Mining stocks (. IMING.T) and banks (. IBNKS.T), both leapt over 2% recently.

The Nikkei share average (. N225) got 0.58%, while Topix index (. TOPX) climbed up 0.86% recently.

Nevertheless, Japanese stocks have actually lost over 4% today on financier concerns over the outlook for U.S. rate of interest.

On the other hand, non-native financiers bought Japanese bonds worth 748.2 billion yen in the reported week as they turned net purchasers after 3 straight weeks of net selling, financing ministry information revealed.

Japanese financiers offered abroad bonds of a net 728.6 billion yen, however they made net purchases of foreign equities for a 4th straight week, totaling up to 404.6 billion yen.

Japanese investments in stocks abroad
Japanese financial investments in stocks abroad

($ 1 = 129.3800 yen)

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Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; modifying by Uttaresh.V

Our Standards: The Thomson Reuters Trust Concepts.

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