Global investment bank Jefferies has reallocated its Asia Pacific ex-Japan portfolio, increasing weightage for India and Taiwan by one percentage point each, while reducing exposure to China and Indonesia. This shift is attributed to evolving macroeconomic conditions and differing growth prospects. Jefferies cited India's resilient domestic demand and infrastructure growth, and Taiwan's strength in semiconductor manufacturing as key drivers for the increased allocation. Conversely, heightened uncertainty around China's economic recovery influenced the reduction in its weighting.