Foreigners turn net sellers of Japanese stocks for 2024 on concerns over yen strength

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Foreigners pulled out of Japanese stocks for a sixth successive week through Sept. 21, due to lingering concerns over a stronger yen and increased caution ahead of the Bank of Japan's monetary policy decision.Overseas investors withdrew a massive 1.93 trillion yen ($13.

FILE PHOTO: A man takes a photo next to an electronic stock quotation board inside a building in Tokyo, Japan August 2, 2024. REUTERS/Issei Kato/File photoForeigners pulled out of Japanese stocks for a sixth successive week through Sept. 21, due to lingering concerns over a stronger yen and increased caution ahead of the Bank of Japan's monetary policy decision.

With these notable outflows in the past weeks, foreigners have turned net sellers of about 1.11 trillion yen worth of Japanese stocks so far this year, even as they made net purchases of about 6 trillion yen in the first half of this year. The Nikkei share average hit a 2-month high of 39,297.59 on Friday, led by a surge in semiconductor-related shares and a rally in global stocks.

At the same time, Japanese investors bought long-term foreign bonds for seven out of eight weeks of about 774 billion yen, while also acquiring a net 53.8 billion yen worth of short-term debt instruments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines