(Bloomberg) The rally that’s pushed Japanese equities to a three-month high hides a different story when it comes to the cash market. While foreigners have bought 1.48 trillion yen ($13.2 billion) of futures linked to the Topix index and the Nikkei 225 Stock Average since January, propelling the gauges higher, they’ve also offloaded 785 billion yen of cash equities, according to data from the Japan Exchange Group through Feb. 22. They were net sellers of both the contracts and stocks last year.
It’s Hedge Funds Against Long-Term Players in Japan Stock Market
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