According to Zhitong Finance APP, last week, as the fierce competition between Harris and Trump in the usa presidential election made investors uneasy, individual investors significantly sold off japanese stocks, with the amount sold reaching the highest level since March.

Data from the japan exchange group showed that in the week ending November 8, they net sold 743.7 billion yen (about 4.8 billion usd) of cash stocks; however, due to Trump's victory pushing the yen weaker, the benchmark tokyo stock exchange index rose by 3.7%. That week was also just before the election vote on Monday for the japanese prime minister.

Jumpei Tanaka, a strategist at Pictet Asset Management Japan Ltd., stated that individual investors might adjust their holdings before the usa election and withdraw from the instability of domestic politics, thus selling stocks. He added that concerns about intervention in the yen might also be a reason after the yen once again fell below 150 against the dollar.

Other data showed that foreign investors became net buyers, increasing cash stocks by 193.8 billion yen.

Editor/ping