China is the story of moment in EM equities: Wood
Business Standard|May 11, 2024
Christopher Wood, global head of equity strategy at Jefferies, is turning bullish on Chinese equities and believes China is the story of the moment in the emerging market equity space as things stand.
PUNEET WADHWA
China is the story of moment in EM equities: Wood

He has hiked exposure to the dragon nation in his Asia Pacific exJapan relative-return portfolio by two-and-a-half percentage points to maintain a 'Neutral' weighting. This hike in exposure, Wood said, will be paid for by reducing the weight in Indonesia and Korea by one-and-ahalf percentage points and one percentage point, respectively.

China, Wood said, enjoyed its biggest monthly outperformance in April in an Asia ex-Japan and emerging markets (EM) context since December 2022, as the stock market benefitted from a correction in other markets and a further rally formed MSCI Emerging Markets and in Shanghai.

MSCI AC Asia ex-Japan by 6.2 per cent and 5.3 per cent, respectively, in April. MSCI Emerging Markets index (ex-China), on the other hand, declined by 1.8 per cent.

هذه القصة مأخوذة من طبعة May 11, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 11, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Google Block On Reviews Draws Israeli, Palestinian Business Ire
Business Standard

Google Block On Reviews Draws Israeli, Palestinian Business Ire

Ashraf Creish, the owner of the West Bank restaurant Zest, knew the Israel-Hamas war was going to be hard on business.

time-read
2 mins  |
June 04, 2024
Manufacturing PMI At 3-Mth Low On Poll Disruption, Heatwave
Business Standard

Manufacturing PMI At 3-Mth Low On Poll Disruption, Heatwave

Intensive heatwave hampered production volumes

time-read
2 mins  |
June 04, 2024
Nifty Bank Races Past 50k In Post-Election Euphoria
Business Standard

Nifty Bank Races Past 50k In Post-Election Euphoria

The Nifty Bank index, a gauge for the performance of leading banking stocks, crossed the 50,000 mark for the first time on Monday as the index rallied over 4 per cent in the exit-poll driven rally.

time-read
1 min  |
June 04, 2024
Nvidia, AMD Chiefs Square Off In A Fight To Take Control Of AI
Business Standard

Nvidia, AMD Chiefs Square Off In A Fight To Take Control Of AI

Nvidia Corp. and Advanced Micro Devices (AMD)'s chiefs showcased new generations of the chips powering the global boom in AI development, deepening a rivalry that may decide the direction of artificial intelligence design and adoption.

time-read
2 mins  |
June 04, 2024
Some Clarity Emerging On GenAI, Says Nilekani
Business Standard

Some Clarity Emerging On GenAI, Says Nilekani

The generative artificial intelligence (GenAI) revolution is in its second year now and some clarity is beginning to emerge from the noise and babble of the last 18 months, Infosys Chairman Nandan Nilekani said.

time-read
2 mins  |
June 04, 2024
Toyota Apologises As Japan's Auto Safety Scandal Widens
Business Standard

Toyota Apologises As Japan's Auto Safety Scandal Widens

Honda, Suzuki, Yamaha also in the crosshairs

time-read
1 min  |
June 04, 2024
Business Standard

Modi 3.0? Street celebrates on result eve

Sensex, Nifty jump over 3% each; investor wealth surges ₹14 trn; FPIs pump in ₹6.9K cr

time-read
2 mins  |
June 04, 2024
Kerala lab develops Nipah-like particle
Business Standard

Kerala lab develops Nipah-like particle

This non-infectious particle will help in vaccine production; second-stage test to be conducted on mice

time-read
2 mins  |
June 04, 2024
Business Standard

Over 30% employees experience age-related discrimination at work

Overall 31 per cent of employees in India have experienced agerelated discriminations across sectors with the highest prevalence reported in multinational companies, a study said on Monday.

time-read
1 min  |
June 04, 2024
Business Standard

Remove claim of '100% fruit juice' from labels, ads: FSSAI directs FBOs

The Food Safety and Standards Authority of India (FSSAI) on Monday directed all food business operators (FBOs) to remove any claim of '100 per cent fruit juices' from the labels and advertisements of reconstituted fruit juices with immediate effect.

time-read
1 min  |
June 04, 2024