Japanese stocks sold 2nd most in March
Fueled by the yen's recent appreciation, foreign investors sold about 13 billion US dollars more shares in Japan than they bought last month.
The Tokyo Stock Exchange says overseas investors sold more shares than they bought in Tokyo, Osaka and Nagoya in March. The net sales were over 1-trillion
298-billion yen, or 12.7 billion US dollars, marking the second largest figure after the so-called Black Monday global stock crash in October 1987.
Investors are reportedly more concerned about the Japanese market, as the dollar dropped to around 95 yen, its weakest level in more than 12 years.
Market sources say foreign investors continue to be the trend setter in the Japanese market, influenced by the US economy and financial reports of global banks.
2008/04/04 05:42
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