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Foreigners net sellers of Japan stocks for second week ended Oct 4

10/10/2019 | 05:50am

(Reuters) - Foreigners were net sellers of Japanese stocks for a second consecutive week, as news the United States was considering investment restrictions on Chinese firms and Washington's announcement of new import tariffs on some European products fuelled market fears about a global slowdown.

Overseas investors sold a net 396.41 billion yen ($3.69 billion) of Japanese stocks, including cash equities and futures, in the week ended Oct. 4, data from the Japanese stock exchanges showed.

Graphic: Foreign flows into Japanese stocks

Cross-border investors sold a net 511.32 billion yen in derivative markets, but bought 114.91 billion yen in cash markets, data showed.

Uncertainties ahead of United States-China trade talks, which are scheduled for Oct. 10-11, resurfaced following news on Sept. 28 that the Trump administration was considering delisting Chinese companies from U.S. exchanges.

The United States last week announced that it would impose tariffs on $7.5 billion of EU goods, further dimming the outlook for global growth.

Japanese equities benchmarks, the Nikkei index <.N225> and the Topix index, both fell about 2% last week, their biggest weekly decline in nine weeks.

Japanese investors bought 233.3 billion yen worth of overseas equities during the week, data from the Ministry of Finance showed.

Japanese investments in stocks abroad

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy; Editing by Alex Richardson)

© Thomson Reuters 2020
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