Foreigners remain net buyers of Japanese stocks in week to March 10

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 16 (Reuters) - Foreigners were net buyers of Japanese stocks for a second straight week in the week ended March 10, as a market rally boosted investor appetite. However, Japan's Nikkei share average has dipped about 6% since posting a 6-1/2-month high of 28,734.79 last week, hit by a sell-off in banking stocks amid the collapse of two U.S. regional banks. Data from Japanese exchanges showed, big foreign purchases in derivatives drew 44.93 billion yen($337.79 million) into Japanese equities in a second straight week of inflows. They purchased 1.17 trillion yen worth of derivatives last week, the most since Sept. 2023, but offloaded a net 1.13 trillion worth of cash equities. Meanwhile, foreign investors drew 96.4 billion yen worth of Japanese bonds last week after two weeks of net selling in a row. They secured a net 253.2 billion yen worth of short-term bonds but withdrew 156.8 billion yen out of long-term bonds. Japanese investors also purchased a net 981.6 billion yen worth of overseas bonds last week but remained net sellers in cross-border equities for a seventh successive week, with disposals worth a 169.7 billion yen. ($1 = 133.0100 yen) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Foreign flows into Japanese stocks Foreign flows into Japanese debt securities Japanese investments in overseas debt securities Japanese investments in stocks abroad ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Gaurav Dogra in Bengaluru; Editing by Rashmi Aich)

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