Foreigners sell Japanese equities for third week on trade woes
Reuters
Published Jul 12, 2018 03:52AM ET
Foreigners sell Japanese equities for third week on trade woes
(Reuters) - Foreign investors sold Japanese stocks for the third consecutive week as increasing trade friction between the United States and China hit risk sentiment.
In the week ended July 6, overseas investors sold a net 298.8 billion yen ($2.66 billion) of Japanese stocks, including cash equities and futures, data compiled from Japanese stock exchanges showed.
However, the outflows were the lowest in three weeks.
After imposing tariffs on $34 billion of Chinese exports to the United States last week, the Trump administration threatened 10 percent tariffs on $200 billion of Chinese goods.
The Topix index (TOPX) index hit a more than three-month low in the last week, however, it up more than 1 percent this week.
The Nikkei index (N225) also fell to 21,462.95 points on July 5, its lowest since early April.
For graphic on foreign flows into Japanese stocks & futures click https://reut.rs/2LbFVTT
($1 = 112.2400 yen)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.