Japanese Retail Investors Sold Most Stocks Since 2013 Last Week
- They offloaded net $7.2 billion of Japanese stocks last week
- Foreign investors piled into Japanese stocks as locals sold
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Japanese retail investors sold the most cash equities since November 2013 last week, taking profit after a strong rally that sent the Nikkei average to bubble-era highs.
They offloaded a net ¥1.07 trillion ($7.2 billion), data from Japan Exchange Group Inc. showed on Thursday. Foreign investors meanwhile added ¥956 billion, the most since early June last year.