New Delhi Wealth Management：Indian bourses now fourth-largest with combined stock value of $4.33 trillion, surpasses Hong Kong

Hong Kong’s fall was mainly due to an eroding China appeal and its lost nearly 36 per cent from the peak level. A significant trend in global economic growth now is the underperformance of China and the outperformance of India, according to analysts.

“Since the important Chinese stocks listed in Hong Kong have crashed, the Hang Seng index is near a 19-year lowNew Delhi Wealth Management. This trend is likely to continue since the prospects for the Chinese economy and appear bleak for nowSimla Investment. However, if the Chinese economy stages a comeback the Chinese stocks will bounce back since their valuations are very low,” said an analyst.

On the other hand, Indian stock markets rallied by 20 per cent in 2023 amid higher foreign inflows and growth prospects.

“This momentous milestone underscores the resilience and dynamism of India’s economic landscape. As the nation forges ahead, investor confidence and opportunities converge, propelling the stock market to new heights,” said Suman Bannerjee, CIO, Hedonova, a Paris Based hedge fund.

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