India-focused fund flows also showed early signs of stabilising after sustained outflows. Redemptions paused after $8.6 billion of cumulative outflows since February, although net inflows remained modest at $17 million during the week. Global industrial funds have recorded negative rolling four-week flows for the first time since the Al trade began in May 2025, while investors have started selectively buying the dip in emerging markets following the recent correction, according to Elara Capital's latest Global Liquidity Tracker.