June 11 (Reuters) - Overseas investors sold Japanese equities for a second straight week through June 6, data showed on Thursday, taking profits in richly valued technology shares after Broadcom's softer-than-expected earnings fueled concerns that the tech-led rally had run too far.

A stronger U.S. jobs report, which could keep the Federal Reserve hawkish for longer, and rising Middle East hostilities also weighed on sentiment.

Foreigners divested a net 701 billion yen ($4.37 billion) of Japanese stocks during the week, a significant increase from 491.5 billion yen in net sales the prior week, according to Ministry of Finance data.

The Nikkei .N225 has lost roughly 7.3% from last week's record high of 68,786.49.

Despite the recent net sale figures, foreigners have still pumped roughly 10.63 trillion yen into Japanese stocks so far this year compared with about 1.26 trillion yen in purchases during the same period last year.

Foreigners also offloaded a net 1.04 trillion yen of local long-term bonds, ending a two-week streak of net purchases.

Elsewhere, Japanese investors withdrew a net 943.6 billion yen from overseas equities, extending their recent run of net selling into a third straight week.

They, however, bought 42.3 billion yen of foreign short-term bills and 197.5 billion yen of long-term bonds, logging their fifth weekly net purchase in the past six weeks.

($1 = 160.4900 yen)