Global fund managers shift investments from India to China following China's stimulus package.

A BofA Securities survey indicates that global fund managers are shifting investments from India to China, following China's recent stimulus package. This move comes as foreign investors pulled nearly $8 billion from Indian equities in October, with India's market index declining 5%. In contrast, China's equity index has risen, driven by enhanced growth expectations and governmental support. India's high price-to-earnings ratio is also a factor in this shift.

October 16, 2024
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