Key Takeaways:
- Foreign investors net bought 1.08 trillion yen in Japanese stocks
- Eighth consecutive week of buying driven by AI demand optimism
- YTD foreign purchases hit 11.7 trillion yen, up from 742.1 billion last year
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Foreign investors pump 1.08 trillion yen into Japan stocks for 8th week
Foreign investors bought a net 1.08 trillion yen ($6.77 billion) of Japanese stocks in the week ended May 23, extending a buying streak to eight weeks.
The buying was driven by easing oil prices and a rally in AI-related shares after Nvidia forecast blockbuster demand for its flagship chips, data from Japan's Ministry of Finance showed Thursday.
AI investor SoftBank Group surged 17.62% last week, while chip designer Socionext rallied 12.26%. Foreigners have pumped nearly 11.7 trillion yen into Japanese stocks this year, compared with roughly 742.1 billion yen in the same period last year.
Japanese long-term bonds saw net purchases of 1.35 trillion yen after outflows of 1.03 trillion the prior week, as a bond selloff eased and higher yields attracted investors. Foreigners, however, divested 2.22 trillion yen of short-term instruments, the most since March 28.
Japanese investors withdrew a net 358.7 billion yen from foreign equities, marking their third weekly net sale in four. They invested a marginal 10.3 billion yen in long-term foreign bonds, extending buying to a fourth straight week.
The sustained foreign buying has supported Japanese equities, with the yen trading at 159.53 per dollar. The continued inflows show global investor appetite for Japan's tech sector, particularly as AI-related spending drives demand for Japanese semiconductor and chip-design companies.
This article is for informational purposes only and does not constitute investment advice.
