(Reuters) – Overseas traders web bought Japanese shares within the week ended Jan. 4, profiting from 2024 positive factors whereas aiming to scale back dangers amid an unusually lengthy market closure.
Foreigners bought a web 74 billion yen ($468.30 million) value of Japanese shares in the course of the week, following web accumulations of roughly 562.7 billion yen within the earlier week.
They acquired roughly 1.23 trillion yen value of Japanese shares in 2024, primarily within the first half of the yr and shed round 4.77 trillion yen value of shares within the second half.
The index posted a 19.22% achieve final yr, marking its second-best annual efficiency in 11 years. Nevertheless, after buying and selling resumed on Monday, the index has dropped by 1.15% this week as traders started locking in revenue following the latest rally.
Foreigners purchased Japanese debt securities value practically 227.5 billion yen final week, halting a three-week promoting development. Abroad traders snapped up 154.8 billion yen value of long-term bonds and 72.7 billion yen value of short-term devices.
In parallel, Japanese traders added a web 325.1 billion value of overseas equities, registering a fourth consecutive weekly web buy.
They, nevertheless, withdrew out of overseas bonds for a 3rd straight week, with a web 331.8 billion yen value of promoting in long-term and a web 4.9 billion yen value of disposals in short-term debt securities.
($1 = 158.0200 yen)
