China could remain attractive as the Middle East conflict extends from weeks into months, according to BNP Paribas analyst William Bratton. He notes China has already outperformed regional markets, led by energy, healthcare, financials, and technology, and could continue to do so given its more domestically driven economy and equity exposure. In contrast, BNP is more cautious on India despite its domestic orientation, saying markets have yet to fully price in a “higher-for-longer” energy environ

China could remain attractive as the Middle East conflict extends from weeks into months, according to BNP Paribas analyst William Bratton. He notes China has already outperformed regional markets, led by energy, healthcare, financials, and technology, and could continue to do so given its more domestically driven economy and equity exposure. In contrast, BNP is more cautious on India despite its domestic orientation, saying markets have yet to fully price in a “higher-for-longer” energy environment in both macro and earnings expectations.