REIT Tokyo Stock Exchange

Japanese investors: Large sell orders, most likely from Japanese investors, were the main culprit behind the fall, a trader said, according to Euro News. The REIT index has lost as much as 10 percent this month, and has surrendered all its gains since the central bank surprised markets with additional stimulus in late October. The Tokyo Stock Exchange REIT index <.TREIT> plunged to an eight-month low last week, causing its 20-day moving average to fall below the 200-day moving average and creating the so-called death cross on technical charts. The stimulus included a tripling of the Bank of Japan purchases of REITs. That spells potential trouble for Abe economic policies, which aim to reflate the world second-biggest economy through asset price appreciation. The REIT decline suggests an increasingly cautious outlook for Japan property market, where real estate values have risen but rents have not. (news.financializer.com). As reported in the news.