CLSA goes 'overweight' on India, cuts exposure to China

Brokerage firm CLSA has raised its India allocation to a 20% overweight while cutting exposure to China. The reversal in its stance comes over concerns that US President-elect Donald Trump could restart his trade war with China. "India appears as among the least exposed to Trump's adverse trade policy," CLSA said in a note titled 'Pouncing Tiger, Prevaricating Dragon'.