🔴 EWJ is trading 4.5% down today on global risk-off sentiment and quarter-end rebalancing flows

EWJ is trading 4.5% down today, reflecting a broad risk-off tone across global equities and profit-taking in recently strong Asian markets.

• The move is being amplified by quarter-end rebalancing, with institutions expected to rotate roughly $165 billion out of equities into bonds.
• This massive capital rotation is pressuring Japan’s large-cap exporters and cyclical stocks that dominate the MSCI Japan index.