HSBC upgrades Indian equities to 'overweight', downgrades Chinese stocks to 'neutral'
India's prolonged stock market correction appears to have made its equities more attractive to global investors, with HSBC raising its rating on the market to 'overweight' from 'neutral'. The global financial services firm cited resilient earnings, improving growth prospects and a reset in valuations as reasons behind its more positive stance.
India's prolonged stock market correction appears to have made its equities more attractive to global investors, with HSBC raising its rating on the market to 'overweight' from 'neutral'. The global financial services firm cited resilient earnings, improving growth prospects and a reset in valuations as reasons behind its more positive stance.
What's Your Reaction?
