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foreign investors shift focus from india to china amid economic concerns
Foreign investors are rapidly exiting India's stock market, pulling nearly $29 billion since October, as high inflation and interest rates have led to a 13% decline in Indian stocks. In contrast, China's market is attracting attention with a 36% rise in the Hang Seng Index, driven by expectations of economic recovery and AI investments. While some asset managers remain optimistic about India, caution is growing as earnings slow and valuations remain high compared to China.
asian chip stocks decline as nvidia's revenue growth slows
Asian semiconductor stocks fell sharply following Nvidia's earnings report, which, despite exceeding expectations, revealed a slowdown in revenue growth. Nvidia's forecast of $37.5 billion for the current quarter, while above analyst predictions, indicates a significant decline from previous growth rates, prompting concerns among investors. Stocks of key suppliers like Advantest and Taiwan Semiconductor Manufacturing Corp also experienced declines, reflecting the broader market sentiment.
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