Asia, excluding China, has become a focal point for global investors, attracting approximately $100 billion in capital inflows over the past nine months. This shift reflects a broader diversification trend beyond the United States, according to Kevin Sneader, Goldman Sachs' president for Asia-Pacific ex-Japan, speaking at the Milken Institute Asia Summit 2025.

Japan has emerged as a significant beneficiary of this trend, while China's market rally remains primarily driven by domestic investors and substantial interest in the technology sector. Despite this, foreign funds are beginning to reconsider their stance on China, Sneader noted, urging caution amid global hedge fund activity.

Meanwhile, sectors such as technology, consumer discretionary, and industrial businesses are attracting st

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