Foreign investors buy Japan stocks on US-Iran peace hopes, AI rally
Foreign investors bought a net 2.38 trillion yen of Japanese stocks, driven by a rally in AI-related stocks and hopes of a resolution to the Middle East conflict. The Nikkei Stock Average topped 60,000 for the first time.
Foreign investors significantly invested in Japanese stocks, purchasing a net 2.38 trillion yen in the week through April 18. This was driven by a rally in AI-related stocks and improved risk sentiment due to hopes of a resolution to the Middle East conflict. The Nikkei Stock Average crossed the 60,000 level for the first time following U.S. President Donald Trump's decision to indefinitely extend the Iran ceasefire. Technology stocks led the rally, with SoftBank Group surging 19.83% and Advantest rising 11.52%. Foreigners also sold Japanese long-term bonds but bought short-term bills. Japanese investors continued their buying streak in foreign stocks for a ninth straight week.
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