Data shows that New Delhi and Beijing bought a record amount of crude oil from Russia after the western ban on buying seaborne Russian crude came into effect.
In early January, China's benchmark CSI 300 Index hit the highest level in almost five months after foreign investors started showing renewed interest in the markets.
The incident happened in the Arabian Sea, approximately 300 nautical miles off the coasts of India and Oman. The oil tanker was reportedly hit by an airborne object.
According to Nikkei Asia estimates, the foreign investors bought a net 64 billion yuan in the first nine trading days of 2023 compared with only 90 billion yuan investment in the whole of 2022.
According to US government data released in November last year, the country, which has long been known only as the biggest energy consumer in the world, imported only 1.1 million barrels per day of crude oil.