As the helicopter carrying top Indian opposition leader Narendra Modi descended toward a rally in the grounds of the turreted Bangalore Palace, the crowd of more than 300,000 erupted in applause and chanted his name.
Profit growth at Indian companies is set to slow from the fastest in six quarters as elections delay projects and higher borrowing costs hurt economic expansion, said Aberdeen Asset Management Plc and Bank of America Corp.
A volatile rupee and downgrades in earnings estimates are the biggest risks to Indian equities amid a slowdown in the nation’s economic growth, according to CLSA Asia-Pacific Markets equity strategist Christopher Wood.
Investors should avoid buying China’s stocks until the third quarter when the government starts unwinding measures to curb asset bubbles, said Christopher Wood , chief equity strategist at CLSA Asia Pacific Markets.
CLSA Asia-Pacific Markets raised its weighting for Chinese shares traded in Hong Kong and cut Taiwan stocks after China relaxed the yuan’s peg to the dollar, strategist Christopher Wood said in his Greed & Fear report.