Foreign Investors Flee Japanese Stocks as Oil Risk Dims Outlook [Yahoo! Finance]
JAPAN EXCH GRP UNSP/ADR (JPXGY)
NASDAQ:AMEX Investor Relations:
jpx.co.jp/english/corporate/investor-relations
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Source: Yahoo! Finance
Overseas investors net sold roughly ¥491 billion ($3.1 billion) of Japanese cash equities in the week ending March 13, the largest amount since September, according to data from Japan Exchange Group Inc. The selloff marks the end of a nine-week buying streak that had been largely driven by optimism for Prime Minister Sanae Takaichi's fiscal expansionary policies. Most Read from Bloomberg Trump Signs Order to Launch Vance-Led Anti-Fraud Task Force Russian Oil Bound for China Is Diverted as India Grabs More US Carrier Involved in Iran Fight Heads Back to Port After Fire Trump Seeks De-Escalation After Iran, Israel Strike Gas Hubs Europe Stands Up to Donald Trump Threats Over Iran War Support Concerns that climbing oil prices due to the Iran war will fuel inflation and weigh on corporate earnings have dimmed the shine of Japanese stocks. Japan relies on the Middle East for more than 90% of its oil imports and its industrial supply chain heavily depends on naphtha from the
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