$Lion-Nomura Japan Active ETF (Powered by AI) (JJJ.SG)$ Japa...
Japan's record share market rally earlier this year is looking like a distant memory as foreign investors sell off stocks in a sluggish economy.
Citigroup Inc and abrdn Plc are among banks that have turned more pessimistic toward the nation's equities as the outlook for corporate governance reform and the Bank of Japan's monetary policy remains uncertain. A fund manager survey by Bank of America Corp. showed about a third of respondents believe the market has peaked.
Foreign investors, who helped push up Japanese shares to a record high just a few months ago and beat overseas peers, became net sellers for a fourth straight week through Jun 14. That was the longest streak since Sep, according to Tokyo Stock Exchange data.
Japans blue-chip Nikkei 225 index has stalled since reaching an all-time high on Mar 22. It's dropped 5.6% since then, compared with a 1% gain during the period for the MSCI AC Asia Pacific Index, and a 4.4% advance in the US's surging S&P 500 Index.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
soyabean89 : thanks for the tips! I have partial realise Japan funds after notice similar trend...so much for Japan rate up will boost their economy against USD..well small kopi o bag for a month
bullrider_21OP soyabean89: np. Japanese economy is not as strong as it seems.
soyabean89 bullrider_21OP: wonder why their gov intervention on currency does little effect vs other major currency..![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
oh well enjoy "affordable" Japan holiday while it last