Investors are diverting money from China to other Asia Pacific markets – including South Korea, India, Japan and Australia – after trillions of dollars were pulled out of Chinese equities over the past few years.
The latest fund manager survey by Bank of America also showed that investors were seeking global exposure with risk appetite the highest since November 2021. Allocation to the emerging markets also jumped by the most since April 2017.. This has fuelled a dazzling rally in the nation’s biggest banks and helped send the S&P/ASX 200 to a record earlier this month.earlier this month that a re-weighting out of China had benefited other markets in the region such as India and Australia.
He said that the focus on shareholder returns enhanced the prospects for South Korean companies, which were among the world’s largest manufacturers of technology. Memory chipmakers such as Samsung Electronics and SK hynix were also very “positively exposed” to artificial intelligence, he added.“These are mega AI plays … I think South Korea is the obvious beneficiary in the region,” he said.
Abrdn’s Asian equities investment manager Xin-Yao Ng also said he had been “dipping back” into the Indian sharemarket after a recent pullback.MSCI India Index booked a 19.2 per cent rally last year and has continued to rise 4.7 per cent year-to-date.
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