June 30 (Reuters) - Foreign investors continued selling
Japanese stocks in the week ending June 24 as investors remained
concerned about the risks of a global recession amid aggressive
rate hikes by the Federal Reserve to rein back inflation.
Foreigners sold Japanese stocks worth a net 316.22 billion
yen($2.32 billion), after selling 1.72 trillion yen in the
previous week, data from exchanges showed.
They disposed of 165.68 billion yen in cash equities and
withdrew 150.54 billion yen out of derivatives.
Japanese stocks recovered from the previous week's fall last
week, with cyclical and tech stocks posting big gains. Start-up
investor SoftBank Group surged 9.1%, while Japan
Airlines and rival ANA Holdings climbed 6.9%
and 4.15% respectively.
The Nikkei share average gained 2.04% and the Topix
index progressed 1.68% last week, after the previous
week's steep losses.
Meanwhile, cross-border investors sold Japanese bonds worth
a net 965.8 billion yen, marking the third straight weekly
outflows, finance ministry data showed.
Domestic investors also drew 1.64 trillion yen out of
overseas bonds, posting their biggest weekly net selling in
about 3-1/2 months, but they were buyers in foreign equities, to
the turn 51.4 billion yen.
($1 = 136.3000 yen)
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by Kim Coghill)