Goldman Sachs downgrades Hong Kong stocks, expects India to outperform

<p>Goldman Sachs have downgraded their view on Hong Kong-traded China stocks.</p><ul><li>cut Hong Kong-listed Chinese companies to market-weight</li><li>cut Hong Kong firms to underweight</li><li>remains overweight on Chinese onshore shares</li></ul><p>Citing </p><ul><li>low earnings growth and a potential consensus downgrade</li><li>slowing growth stemming from the housing sector downturn, high debt levels, and adverse demographics</li></ul><p>GS upgraded shares in India:</p><ul><li>India is expected to see “the best structural growth prospects in the region” </li><li>mid-teens earnings growth over the next two years</li></ul><p>Via Wikipedia map</p>

This article was written by Eamonn Sheridan at www.forexlive.com.