Trade negotiations boost market sentiment, Japanese investors have been buying overseas stocks for eight consecutive weeks.
According to the finance app of Zhitong, as progress has been made in the US trade negotiations and concerns about the global economic impact of the trade war have eased, investor sentiment has been boosted, Japanese investors have purchased a large amount of foreign stocks for the eighth consecutive week. Data from the Japanese Ministry of Finance shows that for the week ending May 10, Japanese investors net bought 250.8 billion yen (1.72 billion US dollars) worth of foreign stocks, but this was significantly less than the net purchase of about 2.55 trillion yen in the previous week.
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