Visitors and electronic screens displaying Japan's Nikkei stock quotation board are reflected on window glasses as the share average surged past an all-time record high scaled in December 1989, inside a building in Tokyo, Japan February 22, 2024. REUTERS/Issei KatoForeign investors snapped up Japanese stocks in the week ended Apr 5, as they sought value opportunities following a substantial drop in late March amid profit booking by domestic institutions.
Domestic cash equity markets received 1.18 trillion yen on a net basis in overseas capital, the highest in a week since at least 2018. However, foreigners sold about 352.68 billion yen of derivative contracts. Despite the recent pullback, the Nikkei still trades above a support line formed since Feb 21, supporting bets of a potential rebound.