UBS places India on neutral; upgrades China

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 UBS places India on neutral; upgrades China
Noted investment bank, UBS has downgraded India to "neutral" from "overweight" and upgraded China to "overweight".

A Reuters report has said that Plenum reforms will likely cause China to outperform Asia ex-Japan for the next few months.

"We still like India - our thesis of weak capex equals higher return on capital still holds. But it is a longer-term theme and for now we believe a Chinese re-rating is likely to steal the limelight," UBS said in a report.

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Read more about: ubs, investment bank, china
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