AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)
Markets Print 2019-10-28

Foreigners increase buying in Japan stocks

Foreigners were net buyers of Japanese stocks for a second straight week ended Oct. 18, as optimism around the Brexit deal and rising hopes of Washington and Beijing signing the initial phase of a trade deal next month improved risk sentiment. Overseas in
Published October 28, 2019

Foreigners were net buyers of Japanese stocks for a second straight week ended Oct. 18, as optimism around the Brexit deal and rising hopes of Washington and Beijing signing the initial phase of a trade deal next month improved risk sentiment. Overseas investors bought a net 1.22 trillion yen ($11.23 billion) of Japanese stocks, including cash equities and futures, highest since mid-September 2018, data from the Japanese stock exchanges showed. Cross-border investors bought a net 662.74 billion yen in derivative markets and 556.38 billion yen in cash markets, data showed.

Last week, the Nikkei index gained 3.2% while the Topix index surged 1.7%, both marking their biggest weekly gain in five weeks. The rally in local shares came as the UK and the European Union struck a long-awaited Brexit deal last week, however, British Prime Minister Boris Johnson faces a deadlock with the parliament, over it's timing. Meanwhile, progress in the initial phase of a US-China trade deal also supported local shares.

US President Donald Trump outlined a partial trade deal to end it's 15-month long trade war with China on Oct. 11, that may get signed during a summit of Asia-Pacific Economic Cooperation countries on Nov. 16-17. This week, the Nikkei gained for a fourth successive week and hit over a year high of 22,819.92.

Copyright Reuters, 2019

Comments

Comments are closed.