Overseas markets respond to fluctuations that turn bearish on Japanese stocks
August 13, 2024 at 3:57 PM GMT+9 (some excerpts)
Foreign investors have turned bearish on Japanese stocks in response to the fluctuation in Japanese stocks last week.
The Hong Kong-listed “CSOP Nikkei 225 Daily Double Inverse ETF” (7515.HK), which is the only exchange-traded fund (ETF) outside of Japan that can bet on a fall in the Nikkei Stock Average, saw a sharp increase in trading volume last week.
The average trading price per day is about 20 million Hong Kong dollars (2.57 million dollars), an increase of 20 times from about 1 million Hong Kong dollars the previous week, and recorded the highest since the start of operation in May this year.
According to Goldman Sachs, the pace of sales of Japanese stocks by global hedge funds recorded the highest in the past 5 years or so during the week from August 2 to 8. Some long-term investors have also begun to reduce their exposure.
The Hong Kong-listed “CSOP Nikkei 225 Daily Double Inverse ETF” (7515.HK), which is the only exchange-traded fund (ETF) outside of Japan that can bet on a fall in the Nikkei Stock Average, saw a sharp increase in trading volume last week.
The average trading price per day is about 20 million Hong Kong dollars (2.57 million dollars), an increase of 20 times from about 1 million Hong Kong dollars the previous week, and recorded the highest since the start of operation in May this year.
According to Goldman Sachs, the pace of sales of Japanese stocks by global hedge funds recorded the highest in the past 5 years or so during the week from August 2 to 8. Some long-term investors have also begun to reduce their exposure.
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