Flows are rotating into ASB.AX while BGL.AX weakens

🇯🇵 The dominant flow shift signals a sharp exit from BGL.AX, with a $183M outflow, marking a significant departure from recent stability. Meanwhile, inflows remain minimal, with just $1M into ASB.AX, underscoring a cautious environment amid broad sector rotation. Proof lies in the concentrated outflow from BGL.AX, which dwarfs other moves and confirms a clear theme of risk aversion or profit-taking. The top inflow into ASB.AX, while modest, suggests selective support rather than broad sector confidence. Next, watch whether the outflow from BGL.AX triggers further liquidation across resource and industrial metals, or if inflows into other banks stabilize the flow pattern.