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Indian market resilient amid global turmoil: HSBC's Herald van der Linde

Citing macro concerns like inflation, dollar prices etc, Herald said that apart from Indonesia, only country managing to sail through these tough times in Asian markets, is India.

April 28, 2022 / 04:40 PM IST
Representative image

Representative image

With the US stock markets showing a recovery in the early morning trading after the April sell-off, the Indian market has been resilient, HSBC's Chief Asian Equity Strategist Herald van der Linde said on April 28.

Sharing his thoughts on Asian market conditions with CNBC-TV18, Herald said that Chinese lockdown concerns has hit markets. "Its pretty foggy out right.. for the whole region in Asia," CNBC-TV18 quoted Herald as saying. Citing macro concerns such as inflation, dollar prices etc, Herald said that apart from Indonesia, only country managing to sail through these tough times in Asian markets, is India.

Speaking on Indian markets, Herald said, "India has proven to be very resilient...India is strong in these (macro concerns) particular kind of long structure of themes." Adding more, the expert pointed out India has been successful in bringing out retail networks across the country while all sorts of demographic trends playing in India and increased ability had made the recovery more strong. In his opinion, greater domestic participation has helped the economy amid the high oil prices and inflation.

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