Pune Investment：After the Indian stock market hit a record high, Wall Street brought the ＂profit knot＂ rhythm

The Zhitong Finance APP was informed that the strong rebound trend of the Indian stock market since 2023 has made it one of the favorite investment markets of global investors. Foreign investment in the Asian stock market is even second only to the Japanese stock market that has continuously attracted huge foreign investment in foreign investment.EssenceHowever, as the reference stock index of the Indian stock market reached a record high, the high valuation heavy pressure and the super -buying pressure displayed by the technical indicators currently encountered the market’s "fear of high" emotions. This emotion is permeated with the entire Indian stock market.

The performance that disappoints investors slightly feels, the market expects that the Fed will turn to the pigeon policy to trigger funds to return to the European and American stock markets, and the Japanese stock market that belongs to Asia is more attractive to foreign capital due to low valuation factors.Can India continue this wave of strong rise since 2023.

India’s highest transaction volume The benchmark stock index India S & P BSE Sensex Index has reached a record high in 2024. It is currently hovering near the highest point of history. In addition, the major Indian stock index, including the Indian S & P BSE Sensex Index, achieved a record eight consecutive consecutive consecutive eight consecutive consecutive eight consecutive eight consecutiveThe annual rise, there are very serious "over -buy pressures" in the technical aspect.

It is understood that the Wall Street Bank began to sound the Indian stock market valuation alert. Citigroup Inc. and Societe General Sa have recently lowered the rating of the Indian stock market. It is recommended that investors have "profitable".Foreign -funded forces also seem to have sold Indian stocks due to valuation pressure. So far this year, foreign investors have sold their stock assets with a net value of up to $ 3.8 billion. It is one of the largest stock markets in Asia’s emerging markets.

Analysts also pointed out that multi -asset -type investment institutions currently prefer the bonds of rupees, rather than stocks in South Asian countries.

Indian stocks were sold by foreign investment, and South Korea and India’s Taiwan stock market received foreign capital increases

Sean Taylor, chief investment officer of Matthews Asia (Matthews Asia), said: "From a long -term perspective, the Indian stock market is indeed one of the best choices, but due to high valuations, we are making profitability."The end." We will invest more funds in the Indian stock market into other stock markets.

Statistics show that the total amount of net sales in India, Thailand, India, Taiwan, South Korea, the Philippines, Vietnam and Indonesian stock markets was US $ 779 million.However, the Asian stock market has different differentiation, and its net inflows in South Korea, India and Taiwan, and Indonesia’s stock markets in these markets.

For South Korea and India’s Taiwan stock market, analysts from well -known investment institutions around the world generally hold an optimistic attitude towards the prospects of these two regions. The main logic is that the strong demand recovery expectations of the global chip industry and important exports for high -tech products for these countries areLand -the US economy may achieve positive expected factors such as soft landing.

With the continuous improvement of global semiconductor demand, South Korea’s exports have maintained a growth momentum in January and began in 2024.Data show that the overall export of South Korea has increased by 18%, and the general prediction of economists is an increase of 17.6%, which is due to more working days compared to the same period last year.The overall import decreased by 7.8%, and the trade surplus narrowed to $ 300 million.

As Asia’s largest market value company and the largest support for India’s Taiwan economy, TSMC (TSM.US) is undoubtedly the most important gold absorption power in the Taiwan stock market in India.The main logic of TSMC stocks attracting large -scale influx of foreign capital lies in the above -mentioned global chip recovery expectations. For TSMC’s stock prices, the additional booster lies in the hot demand of the AI ​​chip.

"Fear Gao" emotions permeate the Indian stock marketPune Investment

"In the Indian stock market, CHTAN SETH, a strategic strategist from Nomura Securities, said:" In the Indian stock market, we believe that the sales scale of overseas institutional investors is mainly promoted by some profits.The absolute valuation and relative valuation of the Indian benchmark stock index, and the actual performance of some large -cap stocks is weaker than expectedSurat Stock. "

"We have been reducing stocks (India) stocks in the near future because we are value inventory, and we are in difficulty in this high -valuation market," said Vicki Chi, an investment portist in Hong Kong in Hong Kong."We like very cheap things, but there is almost no cheap low -valuation asset in India."

Although there is a strong profit at the atmosphere in the short term, due to the rapid economic growth of India, the continuous growth of middle -class financial strength, and the continuous enhancement of manufacturing strength, the long -term prospects of the Indian stock market are still favored by foreign investment.

"Although there is concerns about valuation, India is in the best position," said Joohee An, the chief investor of Mirae Asset Global Investments in Hong Kong."Compared with other emerging markets, we look at India with a longer -term vision."

However, the performance of a series of important weight stocks in the latest financial report season is less than expected. In addition, the overall valuation is already very high. The demand for consumers in some areas in the $ 3.4 trillion economy is still very weak, and the Fed still holds an eagle position.Some foreign investment institutions are temporarily in the defensive situation or make a profit.

The expected price -earnings ratio of the S & P Bse Sensex index prepared by S & P Global is as high as the amazing 20X, which is higher than its historically average. It is also the highest valuation in the Asian stock market. It is higher than the recent day of the highest point in 1989.After the 225 index.

On Tuesday, the Indian Sensex30 Index, one of the benchmark stock indexes in the Indian stock market, once fell 0.3%, and then turned to rise, but this year’s increase has fallen less than 0.6%, compared with the year of 2023Index increased in 2023.

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