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The contrast in fortunes of China's and India's stock markets has offered foreign investors an opportunity to rotate their capital. Source photos by AP) 
Market Spotlight

Why China's stock market tumble is giving India's a lift

Investors find a haven in India from Beijing's clampdown on big companies

NARAYANAN SOMASUNDARAM, Nikkei Asia regional finance editor | India

HONG KONG -- As Chinese equities hover near a bear market, neighboring India is scaling new highs despite having a bigger fight in hand with the coronavirus pandemic.

The contrast in fortunes of the largest and fourth-largest stock markets in the region has offered foreign investors an opportunity to rotate their capital, as a regulatory crackdown on big technology companies has wiped out over $1 trillion from mainland Chinese stocks.

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