Foreigners turn net sellers of Japanese stocks for 2024 on concerns over yen strength
Updates story with graphic and foreign activity in Japanese stocks according to exchange data in paragraph 4
Sept 27 (Reuters) -Foreigners pulled out of Japanese stocks for a sixth successive week through Sept. 21 and turned net sellers for the year, due to lingering concerns over a stronger yen and increased caution ahead of the Bank of Japan's monetary policy decision.
Overseas investors withdrew a massive 1.93 trillion yen ($13.27 billion) out of Japanese stocks during the week, marking their ninth week of net selling in 10, according to data from the Ministry of Finance.
With these notable outflows in the past weeks, foreigners have turned net sellers of about 1.11 trillion yen worth of Japanese stocks so far this year, even as they made net purchases of about 6 trillion yen in the first half of 2024.
Exchange data showed that foreigners withdrew about 512.28 billion yen out of Japanese cash equity markets during the week, extending net sales into a fifth week. They also sold derivative contracts of about 246.12 billion yen.
Although the yen JPY= hit a 14-month high of 139.56 against the dollar last week, it has since declined about 4% as the BOJ maintained rates steady and signalled no rush to raise borrowing costs further, leading analysts to anticipate increased foreign investment in Japanese equities in the coming weeks.
The Nikkei share average .N225 hit a two-month high of 39,297.59 on Friday, led by a surge in semiconductor-related shares and a rally in global stocks.
In the Japanese bond market, foreigners shed a net 2.01 trillion yen worth of local long-term debt during the week, their biggest weekly net disposal since March 23, and about 883.3 billion yen worth of short-term securities.
At the same time, Japanese investors bought long-term foreign bonds for seven out of eight weeks of about 774 billion yen, while acquiring a net 53.8 billion yen worth of short-term debt instruments.
They, however, ditched a net 427.9 billion yen worth of foreign equities, their biggest weekly net sales since July 6.
($1 = 145.4100 yen)
Foreign flows into Japanese stocks https://reut.rs/3SQDye4
Foreign flows into Japanese stocks & futures https://tmsnrt.rs/40Muzfc
Foreign flows into Japanese debt securities https://tmsnrt.rs/3nsVz5d
Japanese investments in overseas debt securities https://tmsnrt.rs/3JW3oI3
Japanese investments in stocks abroad https://tmsnrt.rs/3nxoepG
Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Rashmi Aich and Subhranshu Sahu
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
