Foreigners sold Japanese stocks for sixth straight week

Foreigners net sold Japanese stocks for the sixth straight week that ended on January 11, despite sharp gains in the country's major stock indexes due to optimism over Sino-US trade talks. Overseas investors sold a net 182.13 billion yen ($1.67 billion) worth of Japanese stocks, including cash equities and futures, last week, data from Japanese stocks exchanges showed.
The Nikkei index gained over 4 percent last week, ending its five weeks of losing streak. The Topix index also surged about 4 percent to register its biggest weekly gain in sixteen weeks. Japanese investors sold 172.5 billion yen worth of overseas equities last week, their first weekly net sale in three weeks, data from the Ministry of Finance showed.