Mumbai set to be new anchor for EM equities

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The story "Mumbai set to be new anchor for EM equities" was covered 13 hours ago by The Star, a news publisher based in Malaysia.

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The Star 13h ago

Mumbai set to be new anchor for EM equities - The Star

Quick Summary:

MUMBAI: India is poised to narrow the gap with China in MSCI Inc’s gauge for developing nations.

Meanwhile, Taiwan is competing fiercely with India in the race to replace China’s top spot in emerging market equity portfolios.

At its peak in 2020, China accounted for 40% of the MSCI EM Index, but that weighting has dropped amid Beijing’s regulatory crackdowns and efforts to deleverage its indebted property sector.