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Overseas investors were net sellers of stocks worth 727.26 billion yen ($6.90 billion) in the week ended July 31, data from Japanese stock exchanges showed.
(GRAPHIC – Foreign flows into Japanese stocks: https://fingfx.thomsonreuters.com/gfx/mkt/gjnvwxrnrpw/Foreign%20flows%20into%20Japanese%20stocks.jpg)
They sold a net 462.43 billion yen worth of shares in cash markets, and 264.83 billion yen worth of derivatives.
Japan’s Nikkei index (N225) and Topix (TOPX) both plummeted more than 4.5% last week, marking their steepest decline since early April, as fresh daily COVID-19 cases spiked and dampened hopes of a swift economic rebound.
Dismal earnings results from several Japanese firms also dented investor sentiment. Canon Inc (T:7751), Nissan (OTC:NSANY) Motor Co (T:7201) and Mitsubishi Motors Corp (T:7211) all reported quarterly loss.[nL3N2EZ28M ]
Meanwhile, Japanese investors offloaded overseas equities worth a net 919.3 billion yen, marking a fourth successive week of net selling, finance ministry data showed.
(GRAPHIC – Japanese investments in stocks abroad: https://fingfx.thomsonreuters.com/gfx/mkt/azgvoklxevd/Japanese%20investments%20in%20stocks%20abroad.jpg)
