India equities corrected 4.6% after US-based short-seller Hindenburg report on Adani group created some panic in the Indian financial market. However, markets pared losses over the past four weeks as the situation stabilized. The Nifty index was up 0.9% last month, while the MSCI World index gained 2.9% and the MSCI Asia ex-Japan index fell by 2.7%
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