Money leaking from Chinese stocks could ignore expensive India, UBS says

Investors pulling out of China due to the recent regulatory crackdown may overlook India, where stocks look expensive after rising to successive record highs, according to UBS Group AG.

“Risk perception in China has increased and could lead investors to withdraw money and deploy it in other emerging markets,” Sunil Tirumalai, head of strategy in India, said in an interview. “However, given India’s high valuations, this money could flow into other markets.”