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Sources: Kazakhstan and Russia discuss increasing oil transit transportation

Glonghui, May 28｜As of May 23, foreign investors have consecutively bought Japanese stocks for the eighth week, driven by a retreat in oil prices and a strong outlook on demand, which boosted stocks related to artificial intelligence. Data released by Japan's Ministry of Finance on Thursday shows that for the week ending May 23, foreign investors had a net purchase of 1.08 trillion yen (equivalent to 6.77 billion US dollars) in Japanese stocks, an increase of nearly 14% from the previous week's net purchase of 948.4 billion yen. The technology sector attracted significant investment after Nvidia last week predicted explosive demand for its flagship AI chips. The share price of major AI investor SoftBank Group surged by 17.62% last week, and chip design company Socionext rose by 12.26%. So far this year, foreign investors have injected nearly 11.7 trillion yen into the Japanese stock market, compared with about 742.1 billion yen in net purchases at the same time last year. As bond selling momentum has eased and rising yields attract investors, Japanese long-term bonds saw net purchases of 1.35 trillion yen, after seeing an outflow of 1.03 trillion yen the previous week. However, foreign investors reduced their holdings of 2.22 trillion yen in short-term bonds, the highest level since March 28.

Grant Cardone stated that Cardone Capital increased its holdings by 130 Bitcoin during the recent market correction. (Cointelegraph)