Markets defy global supply shock as AI drives rally: BlackRock strategist
Ben Powell, Chief APAC & Middle East Investment Strategist at BlackRock, believes global markets are driven by a geopolitical supply shock and a historic AI-driven bull run, with India positioned to benefit from AI adoption. Despite a major global supply shock, equity markets are near all-time highs globally, including in emerging markets.
Global markets are being shaped by a geopolitical supply shock and a historic AI-driven bull run, according to Ben Powell, Chief APAC & Middle East Investment Strategist at BlackRock. The current period is considered structurally transformative for investing, with a shift toward more selective, active strategies. Opportunities are emerging at sector and stock levels, particularly in India, which is seen as a long-term beneficiary of AI adoption. Despite a major global supply shock affecting energy, fertilisers, and semiconductors, equity markets are near all-time highs globally. India's potential to benefit from AI adoption is significant if it effectively adopts the technology across businesses and individuals. Sector-specific opportunities exist in India, such as financials and cement.
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