Share market tips & Updates - China's latest stock market pain is proving to be India's gain, with share prices in the south Asian nation reviving as investors who cut their holdings earlier current year switch out of Chinese equity markets and back into India's.
India's Sensex, which fall as the Shanghai Composite index climbed between January and China's stock market rout in June, has reversed course and moved in the opposite direction to the Chinese benchmark since. Click Here Share market tips
India recorded inflows of 53.19 billion rupees ($816 million) in July after two months of outflows, regulatory data shows. In the meantime, northbound investment under the Shanghai-Hong Kong Stock Connect saw fund outflows of about 47 billion yuan ($7.3 billion) since early July, according to calculations.
The euphoria of the China A-shares markets on the back of the growth of margin financing was deemed unsustainable," said by head of Asian equities "Ronald Chan" at Manulife, which has increased its overweight position on India and cut China to neutral from overweight.
India's Sensex, which fall as the Shanghai Composite index climbed between January and China's stock market rout in June, has reversed course and moved in the opposite direction to the Chinese benchmark since. Click Here Share market tips
India recorded inflows of 53.19 billion rupees ($816 million) in July after two months of outflows, regulatory data shows. In the meantime, northbound investment under the Shanghai-Hong Kong Stock Connect saw fund outflows of about 47 billion yuan ($7.3 billion) since early July, according to calculations.
The euphoria of the China A-shares markets on the back of the growth of margin financing was deemed unsustainable," said by head of Asian equities "Ronald Chan" at Manulife, which has increased its overweight position on India and cut China to neutral from overweight.
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