India's stock market experienced a heavy slump, marking the largest monthly decline since March 2020.
FX168 Finance News Agency (Europe) News On Thursday (October 31), affected by continuous selling from overseas investors, the india NSE Nifty 50 index fell by 6.2% in October, marking the largest monthly decline since the COVID-19 panic in March 2020, and also the first monthly decline since May for the index.
Urban residents' demand continues to weaken, sounding the alarm for Indian consumer companies' financial reports.
India's consumer enterprises' latest quarterly earnings are sounding an alarm - as inflation and unemployment weigh on market sentiment, the urban middle class is continuing to reduce spending for at least the second consecutive quarter.
The market may not have expected: this year, the profit growth rate of stocks in China may exceed that of India!
HSBC believes that recent economic data from India has been disappointing, with a slowdown trend prevalent across various industries. In contrast, after economic policy stimulus in China, some sectors are showing signs of accelerated growth, real estate transactions are recovering, and more than 20 listed companies are conducting share buybacks... In addition, local provinces have started issuing special bonds to release funds into the real economy and drive economic development.
The USA election is entering the final countdown, and these markets have become "safe havens".
①In the final sprint of the usa election, investors are selling the Japanese yen and instead investing in cash, India, China markets, as well as some assets in Singapore dollars; ②Pictet Asset Management stated: "We actually think that China is a good place to hide."
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