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Japanese equities see highest foreign divestment since 2019 amid Topix index surge

EditorAmbhini Aishwarya
Published 2023-09-22, 12:52 a/m
TOPX
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1801
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4689
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9020
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6208
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6740
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In a noteworthy shift in market dynamics, international investors have significantly reduced their holdings in Japanese equities. The volume of stocks sold this week was nearly double that of the previous week, indicating a substantial increase in selling activity by foreign investors.

On Friday, the Ministry of Finance revealed that overseas investors offloaded Japanese equities amounting to ¥1.58 trillion ($10.7 billion), marking the highest divestment since March 2019. This move comes as Japan's Topix index reaches a multi-decade high.

Analysts suggest that the surge in selling activity indicates that foreign investors are choosing to cash in on the gains from the rising Topix index. The index's recent performance has been strong, with it reaching levels not seen in decades.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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