Foreign investors were net buyers of Japanese stocks last week, as worries about the U.S. Federal Reserve's interest rate hikes eased and sentiment improved after China eased its COVID-19 restrictions.
Foreign flows into Japanese stocks https://fingfx.thomsonreuters.com/gfx/mkt/mypmookeapr/Foreign%20flows%20into%20Japanese%20stocks.jpg Japanese shares jumped more than 1 per cent last Friday, tracking a surge in Wall Street indexes that day, as investors inferred data showing a rise in weekly U.S. jobless claims as a sign the pace of the Federal Reserve's interest rate hikes could soon slow.
Data showed cross-border investors drew a net 6.14 trillion yen worth of Japanese bonds last week, which marked their biggest weekly net purchase since Jan. 2021.