India Business News: Indian stocks are trading near their most expensive levels against battered Chinese peers, underscoring a growing divergence in investor preference between the two emerging market leaders.
The bank released its latest Asia fund manager survey, revealing the most and least favored markets in the region for 2024 and named one sector "at the helm."
Investors still view Chinese stocks as too risky to dive into after a record streak of losses on the mainland and Hong Kong bourses. Concerns about a banking crisis have emerged, compounding the housing market slump.
Even as hopes grow that the developed world might be nearing a peak in the interest rate hike cycle, stagnating growth will pose challenges to asset allocators as they position portfolios for 2023.