JPMorgan says India is its No. 1 market in Asia; investors are unlikely to return to China this year
Publishing timestamp: 2024-01-16 01:52:52
Summary
JPMorgan considers India as its top pick in Asia and one of its favorite markets globally. The optimism surrounding India comes from its potential to benefit from foreign companies adopting the "China plus one" strategy. India's stock market has performed well and investor sentiment is high. On the other hand, China's economy has slowed and its stock markets have declined for three consecutive years. Foreign investors are unlikely to return to China this year.
Sentiment: NEUTRAL
Tickers: .NSEI, .BSESNTR, JPM,
Keywords: business news, cnx nifty index, jpmorgan drn, china, s&p bse sensex total return index, india, investment strategy, asia economy, consumer confidence,