The latest trend in global funds revealed: Selling US stocks and gold, shifting focus to Japanese and European stock markets.

According to the Chinese financial app Caijing, a research report released by the global research department of Wall Street financial giant Bank of America on Friday showed that global investors continued to sell US stocks and instead heavily bought Japanese and European stocks in the week ending on Wednesday. The Bank of America's weekly fund flow report (data from EPFR) showed that approximately $8.9 billion flowed out of the US stock market that week, even though there had been a brief large inflow the week before. In addition, in terms of funds in the gold market, as the spot and futures prices of gold continued to decline, it recorded the first weekly-level outflow of funds since January this year.