July 1 (Reuters) - Foreign investors were net buyers of Japanese shares in the week to June 25, as investors’ risk appetite was increased by a rally in major markets, including the United States and Europe.
Foreigners purchased Japanese stocks worth a net 173.34 billion yen ($1.56 billion) in the week ended June 25, the most in four weeks, data from Japanese exchanges showed.
They purchased derivatives worth a net 284.7 billion yen but sold 111.36 billion yen in cash equities markets.
Foreigners sold bonds worth a net $401.8 billion yen, finance ministry data showed.
Consumer stocks surged last week, while shipping stocks also climbed after Mitsui OSK Lines raised its forecast for six-month net income.
The Topix index gained 0.83% and the Nikkei share average added 0.35% in the last week.
However, a resurgence of novel coronavirus infections hit back both indexes this week, with each losing over 1% so far.
Japanese investors purchased overseas equities worth a net 22.7 billion yen, while selling foreign bonds worth a net 1.14 trillion yen last week, finance ministry data showed. ($1 = 111.1800 yen)
Reporting by Gaurav Dogra and Patturaja Murugaboopathy; editing by Barbara Lewis