HSBC upgrades India to Overweight, cuts China to Neutral in Asia strategy shift
FROM THE WIRE · THEHINDUBUSINESSLINE.COM
Credit growth rose 21% year-on-year in October, with corporate lending up around 24% and MSME credit climbing 25%
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe reallocation between India and China can steer flows across Asian markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Credit growth in India rose 21% year-on-year in October.
- 02Corporate lending rose about 24% and MSME credit climbed 25%.
- 03HSBC upgraded India to Overweight and cut China to Neutral.