24/4/2025, 8:28:02 am

UBS drops long-held bearish view on India, downgrades Hong Kong

UBS upgrades Indian stocks to neutral from underweight, citing their defensive nature and domestic focus amidst global trade tensions. Lower oil prices and potential government stimulus are positives. However, UBS remains cautious on India's fundamentals, avoiding an overweight stance. Hong Kong is downgraded, while Indonesia is upgraded to overweight.