Read why has CLSA reversed its allocation strategy, raising investment in Indian equities while cutting China exposure.

Hong Kong based brokerage firm, CLSA (Credit Lyonnais Securities Asia) has raised its 'overweight' on Indian stocks by 20 per cent and cut its allocation on China in its Asia Pacific portfolio.

China's recent economic woes, including trade tensions with the US and falling property prices, will likely continue to weigh on the Chinese equity market, it believes. In contrast, India is seen as a more attractive investment destination due to its strong economic growth and relatively low exposure to trade risks, CLSA said in a note.