Gold Beans, India's Small-Cap Swoon: Saturday Asia Briefing
Everything for the weekend.
The world’s largest election is coming.
Photographer: Dhiraj Singh/Bloomberg
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This weekend in Asia, we offer a feast of golden beans in China, chrysanthemum tofu in Hong Kong and chocolate soy sauce in Japan. Big Macs, however, were temporarily off the menu. First, though, we head to the land of khichdi and gulab jamun.
This week’s meltdown in India’s small-caps, triggered by the regulator’s concern about “froth,” is a signal for optimists about the country’s growth prospects: Go large.