Latest data from Japan’s Ministry of Finance (MoF) published on Thursday showed foreign investors remained net buyers of stocks last week – a period during which the country’s equity market suffered its steepest single-day sell-off in two years.
So, who is behind the rout in Japanese equities, which have plummeted more than 12 percent over the past week?
According to market experts, the sell-off that began last Thursday after the benchmark Nikkei 225 came within a whisker of 16,000 – a key psychological level for the index – has been largely driven by domestic retail investors, alongside hedge funds.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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