A sudden surge in Chinese stocks, fueled by government stimulus, is drawing global investors to reallocate funds from Japan, India, and Southeast Asia back to China. The MSCI China Index, still trading below its five-year average, signals further potential for gains. Investors pulled over $20 billion from Japan’s equities in September, while markets in South Korea, Indonesia, and Thailand faced net outflows. Experts say the shift could end the strong performance of Asia ex-China equities, as global portfolios adjust to catch China’s policy-driven recovery.