Japanese investors sell overseas assets for third week in a row

Quick Summary:

Japanese investors sold overseas assets for a third straight week through Oct.26, cashing in on the yen's sharp decline amid U.S.election uncertainties and reduced expectations of big Federal Reserve rate cuts.

They, however, added a net 116.5 billion yen worth of short-term bills.

FILE PHOTO: Media members observe the stock quotation board at the Tokyo Stock Exchange in Tokyo, Japan, August 6, 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Sold Foreign Worth Japanese Bonds Investors Week Long-term Billion Trillion Stocks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 13:37:10 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23345772

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