June 11 (Reuters) - Overseas investors sold Japanese

equities for a second straight week through June 6, data showed

on Thursday, taking profits in richly valued technology shares

after Broadcom's ( AVGO ) softer-than-expected earnings fueled concerns

that the tech-led rally had run too far.

A stronger U.S. jobs report, which could keep the Federal

Reserve hawkish for longer, and rising Middle East hostilities

also weighed on sentiment.

Foreigners divested a net 701 billion yen ($4.37 billion) of

Japanese stocks during the week, a significant increase from

491.5 billion yen in net sales the prior week, according to

Ministry of Finance data.

The Nikkei has lost roughly 7.3% from last week's record

high of 68,786.49.

Despite the recent net sale figures, foreigners have still

pumped roughly 10.63 trillion yen into Japanese stocks so far

this year compared with about 1.26 trillion yen in purchases

during the same period last year.

Foreigners also offloaded a net 1.04 trillion yen of local

long-term bonds, ending a two-week streak of net purchases.

Elsewhere, Japanese investors withdrew a net 943.6 billion

yen from overseas equities, extending their recent run of net

selling into a third straight week.

They, however, bought 42.3 billion yen of foreign short-term

bills and 197.5 billion yen of long-term bonds, logging their

fifth weekly net purchase in the past six weeks.

($1 = 160.4900 yen)