Stocks haven’t priced in slower growth: Manulife

INSUBCONTINENT EXCLUSIVE:
with credit issues, sluggish consumption and conservative stimulus policies, Chan said
The gauge is down only 0.3% this year, compared with declines of more than 1.5% in the MSCI Asia Pacific Index and the MSCI Emerging Markets
Index. The current relative strength in Indian equities may be due to a handful of top-weighted stocks outperforming and to inflows from
investors avoiding markets more affected by the Wuhan coronavirus, Chan said by phone Tuesday
On the other hand, exporters, such as some IT and pharma companies, may take the spotlight this year, as they might benefit from a weaker
rupee, he said.