The odd thing about India’s stock market rally is just how little faith investors have in it. The Nifty 50 Index is barely 2% away from its all-time intraday high, but unlike the S&P 500 Index, which has closed at records 13 times this year, the Indian benchmark is struggling to break free of scepticism. Given the froth in …

  Chinese President Xi Jinping seems interested in embracing the role of global steward — champion of the liberal political and economic order the U.S. administration seems uninterested in promoting. Now is his moment to prove he’s serious. China’s erstwhile client North Korea has become an urgent threat to stability — Xi’s stated top priority — from one end of …

  Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) clinched a landslide victory in key state elections that are seen as a referendum on the performance of Modi’s three-year-old government. BJP won 311 out of 403 seats in Uttar Pradesh, India’s largest state. The historic verdict would boost Modi’s chances of winning another term as India’s prime minister in …