REFILE-Foreigners' net selling of Japan stocks hits record high last week on China worries

jueves 3 de septiembre de 2015 04:42 GYT

(Corrects syntax in paragraph 3)

* Trust banks bought highest value of Japan stocks since March 2009

* Foreigners sold highest value in cash Japan stocks since March 2014

By Ayai Tomisawa

TOKYO, Sept 3 (Reuters) - Net selling of Japanese cash and futures stocks by foreign investors during last week hit a record high as buyers shunned riskier assets on worries that a China-led slowdown could hurt global growth.

Foreigners, who were also net sellers in the previous two weeks, sold a total of 707.05 billion yen ($5.89 billion) worth of Japanese cash stocks during the week of Aug. 24-28, the biggest weekly selling since March 2014, data released by the Japan Exchange Group on Thursday showed.

Foreigners sold a net 1.176 trillion yen in futures, taking the combined cash and futures net selling to 1.883 trillion yen, the highest ever, according to brokerages tracking the data.

"The figure shows that foreign investors were extremely risk-averse," said Seiichi Miura, an investment strategist at Mitsubishi UFJ Morgan Stanley Securities, adding that global investors grew more concerned that China's slowing demand could eat into production in advanced countries like Japan.

"If the market can confirm that profit growth is intact for Japanese companies at their mid-year earnings results in October, selling by foreigners will likely pause," Miura said.   Continuación...