Last week, overseas investors sold more than 9100 billion yen more than they bought shares of Japan, marking the third consecutive week of overselling. This is thought to be due to the widespread view that monetary tightening in the United States will be prolonged.
The Tokyo Stock Exchange summarizes the trading status of stocks and other products, and announced last week's trading on the 28th.
As a result, the amount of shares sold by overseas investors on the Tokyo and Nagoya stock exchanges from the 19th to the 22nd of this month exceeded the amount bought by 9131.3 billion yen.
This is the third week in a row that overseas investors have oversold Japan stocks, and according to TSE, the amount of overselling is the largest since the second week of March.
Following the meeting of the Fed = Federal Reserve in the United States, the view that monetary tightening will be prolonged spread, and uncertainty about the future of the economy seems to have led to the movement of selling Japan stocks among overseas investors.
Last week, the Nikkei Stock Average fell for four consecutive business days, and the decline during this period exceeded 3,2 yen.
"Since the Nikkei Stock Average rose significantly last week, some investors sold stocks last week to lock in profits, and investors have become more risk-averse due to concerns that the tightening of monetary policy in the United States will be prolonged," market participants said.