According to trading trends by investor category published by the Tokyo Stock Exchange, foreign investors' net purchases of cash equities reached their highest level in six months, prompting views that selling to avoid dividend taxation had been unwound.
Foreign investors' net purchases of cash equities in the first week in Tokyo, 5–9 October, reached ¥1.4318 trillion, recovering to a high level for the first time in six months. This was followed by increased activity across the market, and the Nikkei Stock Average rose throughout the week.
The Nikkei Stock Average ended the week up ¥721, or 1%. Views have spread that the rise in global technology stocks strengthened buying pressure across the market.