By Ashley Coutinho Christopher Wood, global head of equity strategy at Jefferies, has recommended a 16% weighting to India, 2.3 percentage points higher than the erstwhile 13.7%, in the brokerage’s Asia Pacific ex-Japan asset portfolio. China has the top weighting of 31.5%, followed by India, Taiwan (10.5%), Australia (9%) and Korea (9%). Wood had been a bit skeptical about the recent rally in Indian equities in the backdrop of monetary tightening and high valuations. In a note last month, he had said that the stock market was poised for consolidation in 2022 after the strong gains posted last year and …
