Bloomberg data shows that in the latest month through mid-July, global funds continued to flow mainly into the United States, reaching 180 billion dollars, with 240 billion dollars flowing into equity funds overall. However, inflows into growth stocks, the heart of the AI theme, shrank to just 17 billion dollars, a drop of 65 percent from the previous month. Meanwhile, inflows into real estate funds or REITs reached 26 billion dollars, surpassing the technology sector at 25 billion dollars, reflecting a rotation from dream stocks to real cash flows. In the bond market, inflows totaled 68 billion dollars, concentrated in high-quality corporate bonds at 31 billion dollars and medium-term instruments at 34 billion dollars. In Asia, China saw inflows return at 8 billion dollars on expectations of stimulus measures after the Politburo meeting, while Japan drew 6.2 billion dollars, driven by a weak yen and the Nikkei index hitting new highs. For Thailand, net inflows through funds were approximately 9 million dollars, better than Malaysia's outflow of 53 million dollars and Vietnam's outflow of 44 million dollars. The Stock Exchange of Thailand index has risen about 30 percent this year, led by energy, petrochemical, and banking sectors, mainly on domestic fundamentals.