A $35 Billion Selloff Is Pulling Down Japan's Stock Market
- Foreigners’ net selling this year is the most since 1987
- Strategists cite everything from trade war to tax hike fears
Photographer: Tomohiro Ohsumi/Bloomberg
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It’s shaping up to be the biggest exodus in more than three decades.
Foreigners have dumped a net 3.9 trillion yen ($34.7 billion) in Japanese equities so far this year, according to data from Japan Exchange Group Inc. that runs through Aug. 17. That’s on course to be the largest annual selloff since 1987, the year of Wall Street’s famous Black Monday market crash.