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HomeMarket NewsIndian stock market upgraded by UBS, who still finds better risk-reward in China
UBS went on to write in its note that it still sees a better risk-reward in China within Emerging Markets, although it has downgraded Hong Kong equities to "neutral" as well.
By Hormaz Fatakia April 24, 2025, 6:33:06 AM IST (Published)
Brokerage firm UBS has upgraded India's equity markets to "neutral" on Thursday, April 24. They were earlier "underweight" on Indian equities.
However, the brokerage has cited multiple factors as to why it has not upgraded Indian equities to an "overweight" rating, despite a correction seen in the benchmark and broader market indices.
UBS went on to write in its note that it still sees a better risk-reward in China within Emerging Markets, although it has downgraded Hong Kong equities to "neutral" as well.
This is a developing story.
