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

🇯🇵 Equities are seeing a sharp flow reversal, with inflows overtaking outflows for the first time in recent sessions. The dominant shift toward industrial tech and materials signals a potential bottoming in that space, but the heavy outflows from Japan’s industrial and financial sectors caution against premature optimism. The biggest outflow remains from Japan’s Industrial and Financial Cohort, with $85.11B exiting, while the top inflow flows into industrial tech and materials, totaling over $650B. This divergence underscores a pivot away from Japan’s cyclical sectors toward industrial innovation. Yet, the overall flow count favors active clusters, confirming the leadership in industrial tech is still the primary driver. Next, watch whether this inflow sustains and broadens across other industrial themes, or if the outflows from Japan resume dominance.