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Foreigners remain buyers of Japanese stocks in week to April 12

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Foreign investors continued purchasing Japanese stocks in the week to April 12, driven by a weaker yen and robust performance in chip-related stocks.They secured stocks worth 829.05 billion yen ($5.37 billion) worth during the week, following net purchases of 829.

FILE PHOTO: A passerby walks past an electric screen displaying a graph showing today's Japan's Nikkei share average movements outside a brokerage in Tokyo, Japan March 11, 2024. REUTERS/Issei Kato/File PhotoForeign investors continued purchasing Japanese stocks in the week to April 12, driven by a weaker yen and robust performance in chip-related stocks.

The technology sector, particularly chip stocks, buoyed the Nikkei, which registered a 1.36 per cent jump last week. Tokyo Electron climbed 6 per cent, while Lasertec rose approximately 9.5 per cent. In the bond market, foreign investors purchased about 50.7 billion yen in long-term Japanese bonds last week, a reversal from net sales of 348.9 billion yen the week prior, as per Ministry of Finance data.

 

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