The Indian sharemarket is emerging as a key hedge against the volatility of the artificial intelligence trade for fund managers seeking to protect themselves against a crash, despite lagging other more tech-heavy indices.
This is because, much like the S&P/ASX 200, which is dominated by big banks and mining companies, India’s stock market has a low exposure to the tech sector, meaning it was less likely to fall alongside the likes of Wall Street and markets in Taiwan, Korea and Japan if the AI trade blows up.
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