[Bernstein: Bearish on Indian stocks, tactically overweight Chinese stocks] According to Jinshi Data on October 11, Bernstein Asia quantitative strategists Rupal Agarwal and Cheng Zhang downgraded Indian stocks from neutral to underweight in a report, citing expectations of continued foreign capital outflows and weak earnings. The shift occurred in late September when a rebound in Chinese stocks prompted funds to move funds out of other parts of Asia. At the same time, Bernstein reiterated its tactical overweight stance on Chinese stocks and said that Chinese stocks will rise further with policy support. Since October, foreign funds have withdrawn more than US$5 billion from the Indian stock market, and the Indian stock benchmark index has fallen by more than 3%. (China Securities) (Reposted from: Jinshi Data)