Bearish Bets on Japan Stocks Jump to Highest in 5 Years
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Bearish bets on Japanese stocks surged to the highest in at least five years, signaling investors predict further declines for a market that’s already the developed world’s worst performer this year.
Short sales comprised 36 percent of total trading on the Tokyo Stock Exchange yesterday, the highest since the data series began in October 2008. Paper manufacturers were the most-shorted industry, followed by banks and brokerages, the exchange data show.