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Japanese stocks see largest weekly selloff in 5 months on rising yen, tariff woes
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Japanese stocks see largest weekly selloff in 5 months on rising yen, tariff woes
Feb 27, 2025 8:57 PM

Feb 28 (Reuters) - Japanese stocks saw the largest

weekly foreign outflow in nearly five months totaling 1.04

trillion yen ($6.95 billion), hit by a stronger yen, rising

inflationary concerns, and uncertainties over U.S. President

Donald Trump's tariff policies.

This sharp sell-off for the week ended February 22, marks

the largest weekly net sales since September 21, 2024, according

to data released by by the country's Ministry of Finance.

The Nikkei share average hit a five-month low of

37084.44 on Friday, dragged by chip-related stocks after

Nvidia's strong growth forecast did little to lift

sentiment.

Despite the equities outflow, Japanese long-term bonds

attracted 438 billion yen in net inflows for the second

consecutive week, while short-term bills saw 478.4 billion yen

in outflows.

Japanese investors modestly purchased overseas equities,

adding 19.7 billion yen, following a much larger 345.4 billion

yen buy in the previous week.

On the other hand, there was a net sale of 200.8 billion yen

in long-term foreign debt securities, ending a two-week buying

streak.

($1 = 149.6400 yen)

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