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The Morning Brief
China’s Market Resurgence, India’s Loss?
Oct 11, 2024
Manish Bhandari, CEO and fund manager at Vallum Capital Advisors, brings over two decades of expertise in equities. He discusses the renewed interest in Chinese stocks driven by cheap valuations and government stimulus. Bhandari examines how this shift affects Indian markets, revealing historical patterns and investment strategies. He differentiates between China's economic slowdown and recession while highlighting India's impressive growth over the past decade. The conversation delves into investment opportunities, buy-on-dip strategies, and the need for informed decision-making in Asian markets.
16:49
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Quick takeaways
- Chinese equities have surged due to government stimulus, leading to renewed interest from value investors amidst historical underperformance.
- The rise of the Chinese market is creating competitive pressure on Indian equities, prompting investors to reassess their investment allocations between the two markets.
Deep dives
Rally in Chinese Equities
Chinese equities have recently experienced a significant rally, breaking years of underperformance largely due to unexpected stimulus measures from the government aimed at revitalizing the economy. Hong Kong stocks have notably climbed, benefiting from a three trillion market rally, while the Chinese market achieved its best single-day gain in 16 years. Statistics indicate that nearly all constituents of the CSI 300 have reached new highs and are above their 20-day moving averages, indicating robust momentum. This surge has impacted other markets, particularly leading to a decline in Indian equities as investors redirect their focus to China.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode