Expensive valuation of large-cap stocks on Wall Street does not mean opportunities have run dry. Analysts at global investment bank Citigroup say that small and mid-caps are favoured in the region now.
The National Development and Reform Commission (NDRC), China's top economic planning agency, recently invited Citigroup Inc for an exchange of views on managing risks associated with Chinese firms issuing offshore debt.
Investor sentiment towards the Indian economy is improving but markets are now looking at the passage of key reform bills like the Goods and Services Tax (GST) to act as "new catalysts", says a Citigroup report.
Global financial services majors Citigroup, Nomura and Bank of America Merrill Lynch believe the loss would likely hurt the market in the "near-term", but the fears of derailment of the reform agenda may be "exaggerated".