India becomes the least-favoured stock market in Asia. What has investors worried?
• A Bank of America survey of fund managers reveals that India has become the least-favoured stock market in Asia and one of the world's worst performers this year. • While Taiwan and Japan remain the most preferred markets, the share of managers underweight on Indonesian equities dropped from 32% in July to 27%. • This shift in investor sentiment coincides with a decline in Indian stocks over the last two weeks, occurring despite an improving outlook for corporate earnings.
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