Global brokerage firm CLSA has reversed its tactical overweight on China while raising its exposure to a 20 per cent overweight on India, asserting that the re-election of Donald Trump as the US President heralds a trade war escalation just as exports have become the largest contributor to Beijing's growth.
Stimulus measures by Beijing had made the Hong Kong-headquartered firm go 'overweight' on China in its Asia Pacific allocations while reducing India exposure. However, Trump's victory has made the brokerage rethink, with China now an 'equal weight', and India becoming the biggest 'overweight'.
This story is from the November 16, 2024 edition of Business Standard.
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This story is from the November 16, 2024 edition of Business Standard.
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