Flows are rotating into ASB.AX while Cross-Sector Resource & Industrial Metals weakens

🇯🇵 A clear shift out of resource and industrial metals signals a cautious tone, with $CIA-AX leading the exit by $30M. This move underscores a brewing risk aversion amid uncertain macro signals, even as inflows into the Australian banking sector remain modest but positive. The flow pattern suggests traders are trimming exposure to commodities while maintaining a slight tilt toward financials. Next, watch whether the inflow into ASB-AX sustains or if broader sector flows follow suit. The current narrow flow cluster, with only five active moves and a dominant outflow from the resource theme, hints at a tentative risk stance. A sustained outflow from resource stocks could deepen the market’s caution, especially if the inflow into banks stalls.