Global investors are cutting exposure to AI-heavy Asian stocks after the US midterms and turning to India, China and consumer-focused sectors. India's lack of AI exposure has become an advantage, with falling oil prices adding to its appeal. The Nifty 50 gained 8.6% last week, its best since 2021, as overseas investors returned.
Global funds pivot to India as AI trade unwinds after US midterms
Source: Moneycontrol