In early September, foreign investors shifted to selling after a series of buying phases. Notably, financials, automotive, and oil and gas sectors experienced considerable sell-offs. Conversely, healthcare stocks attracted significant investments, reflecting a cautious market sentiment. Investors pulled back on auto and power stocks amidst rising global concerns, which collectively led to a subdued foreign portfolio investor presence.
Volatile yen draws intervention watch, other currencies subdued
In response to last week’s notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are conducting rate checks, hinting