Reported 4 months ago
The Asian market experienced a selloff in Indian stocks due to the possibility of a narrower victory for Prime Minister Narendra Modi, impacting the broader market. The top 10 losers on the MSCI Asia Pacific Index are all from India, including state-run companies and Adani group units. The slim victory for Modi's coalition raises concerns about reform implementation, potentially deterring foreign investors amidst high valuations.
Source: YAHOO