India stocks top Indonesia as Asia’s least-favoured in BofA poll

India stocks top Indonesia as Asia’s least-favoured in BofA poll

India has replaced Indonesia as Asia’s least-preferred stock market among fund managers surveyed by Bank of America, with 32% of respondents net underweight on Indian equities. Lack of clear AI exposure, weak growth, high valuations and limited reforms emerged as key concerns, even as improving earnings and renewed foreign inflows provide some support.