Nikkei Rises to 1.5 Week High on Weak Yen
- Foreigners net sellers so far in 2016, trust banks net buyers
- The Nikkei gained 0.7 percent to 17,116.76 in midmorning trade after earlier hitting a high of 17,167.88, the highest level since March 17.
- March 31 is the business year-end for a majority of listed companies, underpinned by investor purchases of stocks before going ex-dividend later in the day.
- According to Japan Exchange data, foreign investors have sold a net total of 4.8 trillion yen of Japanese cash stocks in 2016. On the positive ledger, trust banks, which manage corporate pension trusts and national pension fund trusts, have bought a net 1.9 trillion yen in Japanese cash stocks this year.
The material has been provided by InstaForex Company - www.instaforex.com