Foreigners sell Japanese stocks amid yen rally, BOJ rate hike
Thu, Aug 8, 2024 1:45 PM

Foreigners sell Japanese stocks amid yen rally, BOJ rate hike

A Flip by Shubhangi Gupta
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Foreign investors kept up a sell-off in Japanese stocks in the week to Aug. 2, concerned about a yen rally that is clouding the profit outlook for export-reliant firms, while a historic rate hike by the Bank of Japan further fuelled bets on the yen. Stock exchange data showed they sold a robust 1.07 trillion yen ($7.33 billion) worth of Japanese shares during the week.

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