US midterms push investors from AI into India and China
With the US midterm elections shaking things up, investors are pulling back from AI stocks and putting their money into Indian and Chinese companies.
The main reason? These markets are showing stronger domestic growth in India and seem less risky right now, especially as the prospect of less isolationist US trade policies and easing tariff pressure on other Asian sectors and companies.
Aberdeen Investments backs India and Vietnam
Aberdeen Investments favors markets powered by stronger domestic growth, including India and Vietnam, and sees upside in Chinese technology firms.
India's stock market just had its best week since 2021, up 8.6%, thanks to cheaper oil prices and a $1.9 billion boost from foreign investors.
At the same time, some global investors are interested in using China's onshore market exposure as a diversifier to their AI-heavy portfolio.