Japanese shares see biggest weekly foreign outflow in over 1-1/2 years

JAPANESE shares witnessed massive foreign outflows last week, hit by fears that major central banks' rates would rise rapidly on inflationary pressure from high oil prices and supply shortages, with China's slowdown also weighing on sentiment.

Foreigners sold stocks of a net 1.76 trillion yen ($15.79 billion) in the week to Oct. 1, marking the biggest weekly net selling since Feb 28, 2020, data from Japanese exchanges showed.