Asia Fund Managers Turn Underweight on Indian Stock Market, Bet on Japan, China

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. A pall of gloom continues to hang over India’s stock market, with Nifty futures offering little respite. As the market wraps up a rough week — it’s a public holiday Friday — concerns grow about further declines spurring a potential vicious cycle of selling and falling prices.