July 4 (Reuters) – Foreign purchases boosted Japanese stocks last week amid a weakening yen and global enthusiasm for artificial intelligence-linked companies, which tempered concerns about the Bank of Japan’s policy outlook.
According to exchange data, cross-border investors snapped up Japanese stocks worth a net 604.93 billion yen in the week ending June 28, marking their largest weekly net purchase since April 12.
Investors acquired 480.96 billion yen in derivative contracts and 123.97 billion yen in cash equities, a stark contrast to the previous week’s net selling of 603.7 billion yen and 21.37 billion yen, respectively.
Technology-related shares attracted strong demand, with semiconductor testing equipment maker Advantest (6857.T) soaring about 11%, and AI-focused startup investor SoftBank Group (9984.T) climbing around 5% during the week.
The Topix stock…
