Economic TimesLean R·
AI retreat fuels India stock comeback in great rotation trade
Indian stocks suffered bruising losses in the first nine months of the year as the artificial intelligence trade hoovered up global investor capital. The unwinding of that strategy has turned the Asian nation’s equities into world beaters.The MSCI India gauge has rebounded 11% from a six-month low set in October, adding more than $400 billion in value and almost erasing this year’s losses, as the country’s relative lack of AI exposure has become a prime advantage. Global funds are also turning …
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