Compiled by: Business desk
Last updated: August 30, 2023, 11:40 AM IST
Rogers said there are no Indian stocks in his portfolio.
Jim Rogers said that right now, except in China, stock markets around the world have strengthened.
Famous American investor and financial commentator Jim Rogers recently praised the Indian stock market. In a recent media interview, Rogers said that the performance of the Indian stock market has been better than other markets and he was surprised by its excellent performance. The Indian stock market is currently at an all-time high. This is the result of someone who did a very good job, he said. Rogers added that he has no Indian stocks in his portfolio and he does not even plan to invest in an Indian company at the moment.
According to a report from Moneycontrol, Jim Rogers said stock markets around the world, except China, are currently strengthening. Even in Japan, after thirty years, there is a boom. Rogers said, “I didn’t expect so much strength in the Indian markets this year. I think someone did a great job.”
Jim Rogers added that he currently has no shares in any Indian company. When asked about the reason for his decision, he said, “Right now, the Indian stock market is at its all-time high. I don’t buy stocks when the market is at an all-time high. I also don’t buy shares of US companies because the US markets are also close to all-time highs. I’ll sit still as markets reach an all-time high. I look at things and sometimes sell short.”
Rogers has bought shares in many Chinese companies. However, he has not invested in Chinese companies in recent times. He said that the real estate bubble has been forming in China for several years. When a bubble forms in the real estate market, it takes a long time to dissolve. China’s economy is currently weak compared to other countries, he added. But according to Jim Rogers, China also had the coronavirus worse than many other countries. So there are specific problems or specific reasons in China for stock prices falling. But he sees it as an opportunity. He hasn’t found anything, but he’s confident he’ll find investment in China again, Rogers concluded.