China, India stocks rally on risky ground

Newswire

By Ian Chua and Rina Chandran HONG KONG/MUMBAI, Aug 22 (Reuters) - Stock markets in the world's two hottest economies are bouncing back from a savage mid-year rout, but both Chinese and Indian shares look a risky bet. MSCI's India index is up 22 percent and Chinese stocks have risen about 28 percent so far this year. Both have rebounded, 33 percent and 20 percent respectively, from June lows. "Investors are taking heart from more stable global factors now, with concerns about U.S. ...

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