Asia draws $100 billion in capital as investors diversify beyond US, Goldman executive says

Asia excluding China has attracted about $100 billion in capital inflows over the past nine months as global investors diversify beyond the US, said Kevin Sneader, Goldman Sachs' president for Asia-Pacific ex-Japan, on Wednesday. “There is incremental flow in this part of the world,” Sneader said at the Milken Institute Asia Summit 2025 in Singapore. “I think it's important to put it in the context of a diversification movement, not an exit movement." 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. "I think we should be cautious...