Ben Bei, director, chief Hong Kong/China strategist at CIMB Securities, says there has been an improvement in the official PMI data, along with the announcement of some property stimulant measures, which bode well for China
Around 40 percent of the listed companies in China had suspended trading on Wednesday. Ben Bei, director, chief Hong Kong/China strategist at CIMB Securities says there are some reports stating that the number has gone up. However, he adds that the stock regulator will now allow companies to remain suspended from trading for long.
While FIIs will invest into the market post the state election results, the real money will be committed only post the general elections, says Devesh Kumar of CIMB Securities. He adds that atleast one third of the investors will increase thrie exposure to India if the BJP comes to power.
Jason Todd, Asian Strategist of CIMB Securities is cautious on Siemens, BHEL, Tata Steel and JSW Steel.
According to Jason Todd, the free falling Indian currency which is adding to Indian equities pain, is showing some signs of stabilisation.