India’s Stock Trading Value Surges to New High Versus Hong Kong
- Stocks worth $12 billion are being traded in India daily
- Investors are increasingly seeing India as a China alternative
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India’s stock trading value has surged to a record high versus that of Hong Kong, in yet another sign of shifting investor sentiment in Asia.
The average daily trading of stocks on India’s two largest exchanges combined stood at nearly $12 billion in 100 days through Feb. 8, compared with $8.5 billion in Hong Kong, data compiled by Bloomberg show. While India overtook Hong Kong in September, the gap has been widening since then, touching a fresh high on Thursday.