[ad_1]
© Reuters. Passersby stroll previous a display screen displaying the Japanese yen trade price in opposition to the U.S. greenback outdoors a brokerage in Tokyo, Japan February 16, 2024. REUTERS/Issei Kato/file photograph
(Reuters) – Japanese shares skilled a slight outflow of international capital final week, following a sequence of sturdy purchases in earlier weeks.
In response to trade knowledge, within the holiday-shortened week ended Feb. 22, foreigners withdrew a web 2.83 billion yen (about $19 million) out of Japanese shares, marking their first weekly sale in three weeks.
In money equities, they ended a seven-week shopping for streak with withdrawals of about 78.65 billion yen on a web foundation. Quite the opposite, they nonetheless bought about 75.82 billion yen of derivatives contracts.
The share common hit a document excessive of 39,426.29 on Tuesday, surpassing the 1989 bubble-era peak, pushed by a tech rally, company governance reforms, and a weaker yen.
Each the Nikkei and the broader index continued their upward development for the fourth consecutive week.
The Nikkei jumped 1.6% final week whereas the broader Topix index added 1.37%.
In the meantime, knowledge from the Ministry of Finance indicated that abroad traders remained web sellers within the Japanese debt marketplace for the second successive week.
They withdrew about 642.1 billion yen and 19 billion yen, respectively, out of short-, and long-term bonds on a web foundation within the week to Feb. 22, after web disposals of 1.83 trillion yen and 521 billion yen, respectively, within the earlier week.
Concurrently, Japanese traders bought a web 257 billion yen price of long-term international debt securities, extending web promoting right into a second successive week. They, nevertheless, bought about 14.7 billion yen of short-term devices.
For international equities, Japanese traders remained web patrons for the third week in a row, securing shares of about 225.9 billion yen on a web foundation.
($1 = 149.7200 yen)
[ad_2]
Source link
