Local Funds Double Down on Indian Stocks With $40 Billion Buying
Local funds have already bought a net amount of more than $40 billion in the first half, compared with nearly $63 billion in 2024. In contrast, global investors have pulled about $8 billion from Indian equities this year, according to data compiled by Bloomberg.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
3 Global Dividend Stocks With Up To 4.9% Yield
As global markets experience a rally with the S&P 500 and Nasdaq Composite reaching all-time highs, investors are closely watching inflationary trends and economic indicators that suggest a mixed outlook. In this environment, dividend stocks can offer a compelling opportunity for those seeking income stability, as they provide regular payouts that can help offset market volatility. Name Dividend Yield Dividend Rating Yamato Kogyo (TSE:5444) 4.43% ★★★★★★ Nissan Chemical (TSE:4021) 4.07% ★★★★★★ NCD (TSE:4783) 4.21% ★★★★★★ Japan Excellent (TSE:8987) 4.31% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 4.41% ★★★★★★ GakkyushaLtd (TSE:9769) 4.64% ★★★★★★ E J Holdings (TSE:2153) 5.42% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.38% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.72% ★★★★★★ Allianz (XTRA:ALV) 4.52% ★★★★★★ Click here to see the full list of 1544 stocks from our Top Global Dividend Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Bros Eastern., Ltd is involved in the research, development, production, and sale of dyed mélange and color-spun yarns with a market capitalization of CN¥7.11 billion. Operations: Bros Eastern., Ltd generates its revenue primarily from the research, development, production, and sale of dyed mélange and color-spun yarns. Dividend Yield: 5% Bros Eastern Ltd's dividend payments are covered by earnings and cash flows, with payout ratios of 76.4% and 84.5%, respectively. Despite a high dividend yield in the top 25% of the CN market, its dividends have been unstable over the past decade, showing volatility and unreliability. Recent earnings reports indicate net income growth to CNY 173.47 million for Q1 2025, although annual figures showed a decline compared to the previous year. Navigate through the intricacies of Bros with our comprehensive dividend report here. Our expertly prepared valuation report Bros implies its share price may be lower than expected. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Tibet Weixinkang Medicine Co., Ltd. focuses on the research, development, production, and sale of chemical drugs and their bulk drugs in China, with a market cap of CN¥4.53 billion. Operations: Tibet Weixinkang Medicine Co., Ltd. generates its revenue primarily from the pharmaceutical industry, amounting to CN¥1.28 billion. Dividend Yield: 3.1% Tibet Weixinkang Medicine's dividends are supported by earnings and cash flows, with payout ratios of 62.3% and 64.3%, respectively, placing its yield in the top 25% of CN market payers. However, its dividend history is marked by volatility over seven years, indicating unreliability despite recent growth in payments. The company's Q1 2025 earnings showed a decline with net income at CNY 84.54 million compared to CNY 94.91 million a year earlier. Dive into the specifics of Tibet Weixinkang Medicine here with our thorough dividend report. Our valuation report unveils the possibility Tibet Weixinkang Medicine's shares may be trading at a discount. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Zhejiang Jolly Pharmaceutical Co., LTD focuses on the research, production, and marketing of Chinese medicinal products both domestically and internationally, with a market cap of CN¥12.12 billion. Operations: Zhejiang Jolly Pharmaceutical Co., LTD generates its revenue through the research, production, and marketing of Chinese medicinal products in both domestic and international markets. Dividend Yield: 3.2% Zhejiang Jolly Pharmaceutical's dividend yield of 3.18% ranks in the top 25% of CN market payers, but its sustainability is questionable due to lack of free cash flow coverage and a high payout ratio of 76.4%. Despite recent increases in dividend payments, the company's history shows volatility over the past decade. Earnings have grown significantly, with Q1 2025 net income reaching CNY 181.15 million, yet non-cash earnings raise concerns about quality. Click to explore a detailed breakdown of our findings in Zhejiang Jolly PharmaceuticalLTD's dividend report. Our comprehensive valuation report raises the possibility that Zhejiang Jolly PharmaceuticalLTD is priced lower than what may be justified by its financials. Gain an insight into the universe of 1544 Top Global Dividend Stocks by clicking here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SHSE:601339 SHSE:603676 and SZSE:300181. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
China criticises Donald Trump's trade deal with Vietnam
China has hit out at the US-Vietnam trade deal, amid concerns in Beijing that the US president is using his 'liberation day' tariff Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Spain overtakes Japan in GDP per capita - what is behind the numbers?
What once seemed improbable became possible when the Spanish economy produced higher GDP per capita, a metric closely linked to living standards, than the G7 member Japan, according to IMF data. This, in itself, doesn't mean that the Southern European economy is bigger than Japan's when comparing its overall value of goods and services. But when Spain's GDP is divided by the number of people living in the country and turned into US dollars, the GDP per capita in current prices turns out to be higher than that of Japan's. In 2025, the GDP per capita denominated in US dollars was $33,960 in Japan, whereas in Spain it came to $36,190. This same figure was already slightly higher in the Southern European economy than in the Asian tech-oriented economy in 2024. 'There is a real story behind this, but also a big caveat,' pointed out Ángel Talavera, Head of Europe Economics at Oxford Economics. While the Spanish economy has been one of the fastest-growing, 'this figure is also driven by a statistical artifact,' he told Euronews Business. 'The Japanese yen has depreciated 40% since 2021, which means that even if Japanese GDP per capita in local currency remains unchanged, it is 40% lower when measured in US dollars,' he said. This means that a large amount of Japanese economic data has deteriorated significantly in recent years when measured in US dollars needed for international comparisons. Related The Spanish economy grew 3.2% in 2024: Why is it outperforming peers? Spanish economy bucks the trend as it continues to show growth Spain, which emerged from the financial crisis a little over ten years ago, expanded its economy by 3.2% in 2024, outperforming France, Germany and Italy, the three biggest economies in the eurozone. The German economy, Europe's biggest, contracted by 0.2%. Spain's GDP was driven up by strong domestic demand, robust tourism, and other services. The service sector provides a little over two-thirds of the country's economic output, and improvement on this front is one of the key reasons behind Spain's success. 'Global tourism has benefited this economy more strongly than it has benefited Japan,' said Matthieu Gertken, BCA Research's Chief Geopolitical Strategist. In Spain, growth was also strengthened by strong government support and lower energy prices than in other European countries. Significant population growth also contributed to improved output. Gertken added that Spain's strong economic performance in the last decade has been supported by 'brutal reforms and a major adjustment in labour costs in the wake of the European Sovereign Debt Crisis last decade, that have boosted its competitiveness'. During the financial crisis, unemployment in Spain was around 25%, one of the highest in the EU. There was a tendency for struggling businesses to favour temporary staff contracts, and in response, Spain approved reforms to soften employee protection in permanent contracts. Reducing firing costs and workers rights, among other reforms, improved labour mobility, helping to match positions with skilled workers, leading to improved productivity. Meanwhile, Japan's "ossified labour market means that its labour productivity remains poor,' Gertken added. Japan, the fourth-largest economy in the world, has been struggling to maintain its leading role in the global economy, losing its spot as the third biggest economy to Germany last year. IMF data suggests that in 2025, Japan is expected to be overtaken by India as well, falling to fifth position in terms of GDP. The technology-driven Japanese economy has barely grown in the last three decades, and it was hit hard by the COVID-19 pandemic. Its GDP collapsed by 4.2% in 2020. Japanese research firm Nikko Research Center said in a recent report that the country has been struggling due to the lack of innovation. The report also noted that in the year 2000, Japan's GDP per capita was ranked globally the second highest after Luxembourg. It is now the 38th. Related Japan's Prime Minister urges Trump to choose investment over tariffs Germany now world's third largest economy as Japan loses its spot Japan's current economic performance doesn't point to a quick turnaround. The economy shrank in the first quarter, driven by weak exports. This is coupled with a sluggish domestic demand, rising inflation and slow production. US tariffs and tariff threats are damaging exports and industrial production, fuelling fears that Japan's economy could go into recession in the second quarter. The Japanese economy is sustained by a lot of fiscal stimulus, focusing on energy subsidies, wage support, and digital infrastructure. The continuing lethargy in the Japanese economy is also fuelled by its ageing population, resulting in acute labour shortages and mounting social security costs. Service-driven economies such as Spain are projected to outperform in the future, too, as consumer trends are shifting across the globe. Overall, the contribution of services to economies worldwide has increased significantly. The service sector's share of global GDP increased from 53% to 67% between 1970 and 2021, according to the World Trade Organisation (WTO). According to the IMF, Spain's GDP per capita is expected to remain ahead of Japan's until the end of its current forecast, in 2030. Spain's GDP per capita is expected to exceed $42,300 while Japan's will remain around $41,700, based on current trends. Error while retrieving data Sign in to access your portfolio Error while retrieving data
