Foreign traders were net sellers of Japanese shares for the week ended on January 14. The selloff triggered over a surge in omicron cases in the country and expectations over U.S. Federal Reserves earlier than expected rates hike.
Foreign traders offloaded stocks worth worth 344.73 billion yen, marking the most since Dec. 3, data from Japanese exchanges showed as reported by Reuters.
Derivatives worth 272 billion yen sold and 72.23 billion yen in cash equity markets.
However, according to finance ministry data foreigners purchased Japanese bonds worth 1.05 trillion yen last week, marking a third straight week of net buying.