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CLSA raises India allocation to 20% overweight, cuts China exposure
The New Indian Express
|November 16, 2024
GLOBAL brokerage CLSA has made a U-turn on its India cut-back plan, reversing the higher allocation to China on the one hand and raising the India allocation to a "20% overweight" in a tactical reversal, citing the country's stable economic conditions and robust foreign flows waiting on the sidelines to re-enter.
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The U-turn comes amid China's fresh economic challenges as "Trump heralds a trade war escalation just as exports become the largest contributor to China's growth," said CLSA in a note on Friday, referring to re-election of Donald Trump as the US President.
This story is from the November 16, 2024 edition of The New Indian Express.
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