June 8 (Reuters) - ******* anese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle East hostilities and concerns that a tech-driven market rally had run too far weighed on sentiment.
They sold foreign stocks of a net 2.72 trillion yen ($16.98 billion) during the month as they logged the largest net withdrawal since April 2021, data from ******* an's Ministry of Finance (MOF) showed on Monday.
The MSCI World Index, which hit a record 1,138.3 last week, is down about 2.9% so far this month, as a blowout U.S. jobs report triggered a selloff in hot AI-linked technology stocks.
Japanese investors bought a net 2.9 trillion yen worth of foreign debt securities, the most since May 2025.
The MOF data showed that trust accounts divested a net 3.38 trillion yen of foreign stocks but pumped 3.16 trillion yen into bonds in the overseas markets.
They sold foreign stocks of a net 2.72 trillion yen ($16.98 billion) during the month as they logged the largest net withdrawal since April 2021, data from ******* an's Ministry of Finance (MOF) showed on Monday.
The MSCI World Index, which hit a record 1,138.3 last week, is down about 2.9% so far this month, as a blowout U.S. jobs report triggered a selloff in hot AI-linked technology stocks.
Japanese investors bought a net 2.9 trillion yen worth of foreign debt securities, the most since May 2025.
The MOF data showed that trust accounts divested a net 3.38 trillion yen of foreign stocks but pumped 3.16 trillion yen into bonds in the overseas markets.
3 months ago
