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The technology giant's shares have fallen 13% this year, badly trailing the broader market. The company is grappling with weak sales in China and a Justice Department suit accusing Apple of violating antitrust laws, taking aim at its lucrative services business. Shares edged higher on Thursday.
The technology giant's shares have fallen 13% this year, badly trailing the broader market. The company is grappling with weak sales in China and a Justice Department suit accusing Apple of violating antitrust laws, taking aim at its lucrative services business. Shares edged higher on Thursday.
Stocks in China have currently priced in “lots of negatives,” making them poised for a sharp rebound when catalysts arrive, said Sunil Tirumalai, UBS’ global emerging market strategist. Meanwhile, earnings-based valuations for Indian shares are already at “fairly extreme levels.”
In an interview, Shreyash Devalkar, head, equity, Axis Mutual Fund, said that one of the reasons why the broader markets have outperformed is because the mid- and small-cap space is filled with high-quality companies.
Analysts anticipate FPI flow to remain a key driving force in the near future. Notably, interest rate hikes in the US to combat inflation may have reached a peak. Consequently, emerging markets like India are seeing a surge in capital inflows