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UBS upgrades India's market outlook to 'Neutral', prefers China, downgrades Hong Kong due to unrest.
Swiss bank UBS has upgraded India's market outlook to 'Neutral' from 'Underweight', highlighting the country's defensive and domestically-focused stocks.
Despite this, UBS still prefers China due to better earnings stability and lower valuations.
The bank has also downgraded Hong Kong's outlook due to economic concerns and political unrest.
UBS's new strategy emphasizes markets with stable earnings and less exposure to global trade risks.
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UBS actualiza las perspectivas de mercado de la India a 'Neutral', prefiere China, rebaja la calificación de Hong Kong debido a los disturbios.