Hedge funds dumped Japanese stocks at fastest pace in over 5 years- GS

Investing.com-- Hedge funds sold Japanese stocks at their fastest pace in over five years during a market rout last week, Goldman Sachs said in a recent note, with macro products making a bulk of the selling.indexes slid over 12% last Monday and fell squarely into a bear market, amid concerns over rising Japanese interest rates and a potential U.S. inflation.

But while Japanese stocks logged steep losses at the beginning of last week, they rebounded sharply later in the week, recouping a bulk of these losses. But while Japanese markets did recoup recent losses, sentiment towards the country remained strained, especially after the BOJ in late-July hiked interest rates and warned that it had no upper limit on how much rates could increase this year.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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