Foreigners’ upbeat purchase from Japanese stocks ended Oct. 18

Foreigners’ active purchase of Japanese stocks ended last Oct. 18 as risks and worries cooled down from Brexit deal and Sino-US trade wars pact signing next month.

Overseas investors were reported to have purchased a highest record of 1.22 trillion yen ($11.23 billion) worth of Japanese stocks ranging from cash equities and futures since mid-September 2019. This is according to Japanese stock exchanges data.

In line, cross-border investors purchased a net of 662.74 million yen in derivative markets and 556.38 billion yen from finance market as also disclosed by the said record.

Just last week, Nikkei index acquired 3.2% following positive 1.7% gains of Topix index. This was tallied to be the highest gain in five weeks.

Another positive activity was recorded in local shares as the United Kingdom and the European Union made agreements last week after months of Brexit tension and anxiety directly impacting market performance. However, Johnson faces resistance from parliament regarding the execution of the Brexit agreement.

Progress in the preliminary phase of trade pact between US and China added reinforcement to the local shares’ well-ended performance.

US President Donald Trump highlighted a partial deal aimed at ending the 15-month long trade dispute with China on Oct.11. The said agreement is anticipated to get approved during Asia Pacific Economic Cooperation summit on Nov. 16-17.

Just this week, Nikkei’s record ended well as it closed its session in four weeks high. It reached a year high of 22,819.92

Japan-based investors purchased 42.3 billion yen worth of off-shore equities last week making it their fourth straight week of net purchase. Such was disclosed by the Ministry of France.

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