Goldman Sachs: Hedge funds sell Japanese stocks at the fastest pace in five years.

Goldman Sachs data shows that hedge funds sold Japanese stocks at the fastest pace in over 5 years during the week when the Japanese stock market fell. The benchmark index of the Japanese stock market experienced the largest single-day drop since Black Monday in 1987. According to a report from Goldman Sachs analysts on August 9th, there were 4 net sells in this region in the past 5 trading days, and macro products linked to the regional index almost accounted for all of the net sells this week. The industrial, financial and medical care sectors were the most sold, while the real estate, information technology, and non-essential consumer products were the most bought.

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