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Foreigners big sellers in Japanese stocks in the week to June 17

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Japanese stocks faced massive foreign outflows in the week ending June 17 on rising worries over a recession, with global central banks adopting aggressive monetary tightening measures to fight against inflation.

Foreigners sold Japanese stocks worth a net 1.72 trillion yen ($12.67 billion), which was their biggest disposal since Oct. 1, data from exchanges showed.

They offloaded derivatives worth 913.67 billion yen and 804.5 billion yen in cash equities.

Last week, the U.S. Federal Reserve raised interest rates by 75 basis points in its biggest increase since 1994.

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The Nikkei share average plunged 6.7% last week, which marked its steepest decline since early-April 2020, while the Topix index saw a 5.5% fall.

Meanwhile, cross-border investors disposed of Japanese bonds worth a net 3.51 trillion yen, which marked their biggest net selling in 12 weeks, finance ministry data showed.

Domestic investors also withdrew 497.8 billion yen out of overseas bonds in a fourth consecutive week of net selling, but they had minute purchases in foreign equities, amounting 9.7 billion yen. ($1 = 135.7700 yen)

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Tomasz Janowski)



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