Retail Investors Offload Japanese Shares For Longest Streak Since May
- It’s the longest streak of sales since May with rout in August
- Foreigners also dumped Japanese equities, latest data show
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Retail investors dumped Japanese stocks for a fourth consecutive week, the longest losing streak in three months, after the nation’s equities suffered the worst day since 1987 in early August.
They sold net ¥110.7 billion ($773 million) in cash equities in the week ended Aug. 30, according to Japan Exchange Group data. They had been net buyers of Japanese stocks for three weeks before the August rout.