Flows are rotating into Industrial Tech & Materials while Japan's Industrial and Financial Cohort weakens

🇯🇵 Equities are seeing a marked flow reversal with inflows outpacing outflows by a wide margin, signaling a potential shift toward risk appetite. The top inflow of $686B into industrial tech and materials contrasts sharply with the $81B exit from Japan's industrial and financial sectors, underscoring a pivot away from defensive and Japan-centric themes. This flow pattern confirms a broadening rally led by industrial tech, with $6471-T attracting the strongest buying interest. The key next step is for the industrial tech leader to hold above recent support levels, which would affirm the trend’s durability. Watch whether the inflow momentum sustains into next week, as that would signal a more persistent risk-on environment.