Foreign investors make strong comeback, invest over Rs 22k crore in Dec
This is a significant improvement as it comes after significant outflows in the preceding months.
Tokyo stocks ended higher on Friday with the benchmark Nikkei snapping a three-day losing streak as investors bought battered shares, while a weaker yen boosted exporters including automakers.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 107.21 points, or 0.28 per cent, from Thursday at 38,642.91, Xinhua news agency reported.
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The broader Topix index, meanwhile, finished 10.42 points, or 0.39 per cent, higher at 2,711.64.
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Stocks rose as investors snapped up bargains after the Nikkei lost nearly 1,000 points over the past three days, with export-oriented automakers gaining amid the yen’s weakness, while banks and other financial issues were sought after three Japanese megabanks reported higher profits for the April-September period and raised full-year profit outlooks, analysts said.
Market watchers here noted that gains were limited in the afternoon, as the market is concerned by US economic policy under President-elect Donald Trump as he continues to announce cabinet picks.
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