The Kobeissi Letter(@KobeissiLetter):Japanese individual investors are buying the dip at a record pace: Retail investors purchased +$5.9 billion of Japanese equities in the week ended June 26th, the largest weekly total on record. At the same time, foreign funds sold -$7.7 billion, the largest weekly outflow since March. This follows -$6.0 billion in sales by retail in the prior 2 weeks. Stocks linked to AI and semiconductors were hit hardest last week, with SoftBank, Kioxia, and Furukawa Electric each falling at least -12% during the week. Despite the pullback, the Nikkei 225 surged +37% in Q2 2026, its best quarterly performance on record, fueled by AI-related names. Retail dip buying has become a global trend.

2026.07.04 14:36

Japanese individual investors are buying the dip at a record pace: Retail investors purchased +$5.9 billion of Japanese equities in the week ended June 26th, the largest weekly total on record. At the same time, foreign funds sold -$7.7 billion, the largest weekly outflow since March. This follows -$6.0 billion in sales by retail in the prior 2 weeks. Stocks linked to AI and semiconductors were hit hardest last week, with SoftBank, Kioxia, and Furukawa Electric each falling at least -12% during the week. Despite the pullback, the Nikkei 225 surged +37% in Q2 2026, its best quarterly performance on record, fueled by AI-related names. Retail dip buying has become a global trend.