Nov 14- Foreign investors were recorded to have bought Japanese stocks for five consecutive weeks last week. This was in light of the possibility of United States and China coming up with an interim trade deal that brought optimism.
Investors purchased a 578.75 billion worth of Japanese stocks which include cash equities and futures as disclosed by Japanese stock exchange. In line with this, overseas investors purchased 578.75 billion yen from derivative markets and 460.21 billion yen in cash markets, according to records.
Nikkei and Topix indexes acquired 2% last week reaching its fifth successive weekly gain.
Both indexes performed poorly this week brought by Washington and Beijing’s pressing issue on tariff rollback, farm purchases, and incomplete details on the date and venue of trade pact signing. Moreover, US President Donald Trump’s speech dampened hopes that the pact will be signed soon.
Japanese investors purchased an estimated 243.2 billion yen worth of overseas equities last week, records from Ministry of Finance showed.