Chinese stocks set to outperform Indian peers next year: UBS

Chinese equities are expected to outperform Indian equities in 2024 due to their lower valuations, according to UBS. The current negative sentiment towards Chinese stocks presents an opportunity for a rebound, while Indian stocks are already trading at high valuations. Additional stimulus measures and improved geopolitical relations could further boost the Chinese market. UBS’ stance goes against Wall Street’s pessimism towards China and optimism towards India.

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