Foreigners turn net buyers of Japanese stocks in week to May 6
May 12 (Reuters) – Foreign investors were net buyers of Japanese stocks in the week ended May 6 as some investors scooped up shares in banking and commodity-related sectors, despite a sell-off in broader Asian markets.
Overseas investors purchased Japanese stocks worth a net 100.83 billion yen ($779.33 million) in a holiday-shortened week, compared with net selling of 20.95 billion yen in the previous week, data from Japanese exchanges showed.
They bought 51.46 billion yen in cash equity markets and 49.37 billion yen worth of derivatives.
However, Japanese stocks have lost over 4% this week on investor worries over the outlook for U.S. interest rates.
Meanwhile, non-native investors purchased Japanese bonds worth 748.2 billion yen in the reported week as they turned net buyers after three straight weeks of net selling, finance ministry data showed.
Japanese investors sold overseas bonds of a net 728.6 billion yen, but they made net purchases of foreign equities for a fourth straight week, amounting to 404.6 billion yen.
($1 = 129.3800 yen)
Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; editing by Uttaresh.V