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(Bloomberg) In a change of tone over the world’s two biggest emerging markets, global investors overseeing billions of dollars are slowly starting to favor China versus India reversing a year-long trend that’s pushed stocks in opposite directions. ....
Global investors holding billions of dollars are slowly starting to favor China over India, Bloomberg has reported, reversing a year-long trend. BlackRock has upgraded Chinese stocks and said “the time to position in China is now,” reducing its exposure to Indian equities. Goldman Sachs Group and Nomura Holdings both raised offshore Chinese stocks, downgrading Indian stocks. ....
Alibaba's market cap has dropped by $344 since from last October which is the biggest wipe-out of shareholder value globally swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Australian shares are set to open higher, with earnings driving further gains in the Dow and S&P 500. Bitcoin resets record high, reaches for $US67,000. ....