Asia draws $100 bn as investors diversify beyond US

ASIA EXCLUDING CHINA has attracted about $100 billion in capital inflows over the past nine months as global investors diversify beyond the United States, Kevin Sneader,Goldman Sachs’ president forAsia-Pacific ex-Japan, said on Wednesday.

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Japan has been a key beneficiary of the trend, while China's equity rally since late last year has been driven mainly by domestic investors and interest in the technology sector, with foreign funds now taking another look at China, he said.