Japanese stocks see big foreign outflows

Foreign investors were big sellers of Japanese stocks in the week to September 30 as the chances of a widespread global recession edged higher amid major central banks' interest rate increases to control inflation, reports Reuters.
Foreigners dumped a net 1.65 trillion yen ($11.41 billion) worth of Japanese stocks, marking their biggest weekly net selling since mid-June, data from exchanges showed.
They exited a net 1.09 trillion yen worth of derivatives, while offloading 564.42 billion yen in cash equities.
Japanese equities benchmarks - the Nikkei share average and the Topix index, both fell more than 4% last week in a third straight week of declines as fears of a recession hit risk assets globally.
Meanwhile, the Nikkei has gained more than 5% so far this week in line with other global stock markets as data showing a drop in U.S. job openings eased some worries about inflation and boosted sentiment.