Foreigners turn net sellers of Japanese stocks

Foreign investors turned net sellers of Japanese stocks in the week ended May 10 as an escalation of trade dispute between the United States and Japan prompted money outflows from the local markets. Overseas investors sold a net 850.5 billion yen ($7.77 billion) worth of Japanese stocks, including cash equities and futures in that week, their biggest weekly net selling in five weeks, data from Japanese stock exchanges showed.
Foreigners sold a net 19.1 billion yen in cash markets and 831.4 billion yen in derivative markets, the data showed. Japan's major indexes, the Nikkei index and the Topix index, both shed more than 4% in the holiday-shortened week that ended May 10.