Foreign investors ditch China to start $9 billion stock buying frenzy in India

Foreign institutional investors (FIIs) are investing heavily in Indian stocks in the first quarter of FY24, with daily average buying totaling around Rs 1,400 crore. Domestic institutional investors (DIIs) have bought stocks worth only about Rs 6,500 crore in the same period. Experts suggest China’s weakening economy has driven investors to India instead, with the country’s growth potential and standing in the global market making it an attractive alternative. The Nikkei in Japan is up 30% this year and South Korea’s Kospi is up 17.5%, while Refinitiv data shows foreign investors have sold $1.71 billion worth of mainland shares in China during May.

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