Investors shun HK stocks, back India equities

Hong Kong is the least popular stock market among Asia-Pacific investors right now, against a backdrop of negative sentiment on China and emerging markets generally, according to the December fund manager survey by Bank of America Merrill Lynch.  Asia-Pacific fund managers have positioned Hong Kong on a z-score of -1.7 relative to history, which means that less money is flowing into the markets than previously. Hong Kong's Hang Seng index is down 2.77% for 2014, closing at 22,585 …