China's 'zero-Covid' recovery slows, impacting investments in neighboring countries and foreign banks.

China's slow economic recovery has led investors to look for alternative options in its neighboring countries, with Japan, South Korea, and India being major beneficiaries. Foreign investors have been key in driving the Japanese market, while South Korean technology stocks' low price-to-book ratio makes it an attractive alternative to more expensive tech segments. India's continued monetary policies, credit conditions, and prospects for attracting foreign direct investment have also garnered interest from investors.