OREANDA-NEWS Fund managers in the Asian securities market named India as the least preferred option, although three months ago it looked exactly the opposite. This was shown by a survey conducted by Bank of America experts. Their findings were quoted by Bloomberg.

It is assumed that the reason for this dynamic was the deterioration of US-Indian relations due to the tariff policy of the head of the White House, Donald Trump. At the same time, Japan and China received the highest ratings from investors, taking first and second places, respectively. This change in sentiment was further evidence of investors' growing concern over Washington's decision to impose tariffs on Indian imports as punishment for New Delhi's refusal to stop buying Russian oil.

As a result, global funds decided to withdraw about four billion dollars from Indian stocks. And last week, these securities showed the worst series of declines since the beginning of the COVID-19 pandemic.

Meanwhile, the rise of anti-American sentiment in India has begun to threaten the revenues of multinational US companies. In this BRICS country, there are growing calls for a boycott of McDonald's, Coca-Cola, Amazon, Apple and others in protest against the duties imposed by the US authorities.