Business Standard

China regains favour among global investors who deem India overvalued

BlackRock has upgraded Chinese stocks as policy hurdles ease while trimming its exposure to Indian equities

China stocks, china market

Ishika Mookerjee and Ashutosh Joshi | 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. 
BlackRock Inc. has upgraded Chinese stocks as policy hurdles ease, saying “the time to position in China is now,” while trimming its exposure to Indian equities. Goldman Sachs Group Inc. and Nomura Holdings Inc. both downgraded Indian stocks in recent days, with the former upgrading offshore Chinese equities at the same time. 

Valuations are the key rationale as the losses triggered by Beijing’s

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First Published: Nov 27 2021 | 1:38 PM IST

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