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Stock impact report

Emerging Markets Report: Appetite for Indian stocks fades amid India-Pakistan tensions, says analyst [MarketWatch]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: MarketWatch
Appetite for Indian stocks fades amid India-Pakistan tensions, says analyst Money flowing into the assets of the world’s largest democracy by population, India, are showing some cracks, according to BNY Mellon chief currency strategist Simon Derrick. Amid escalating tensions between India and Pakistan centered on the disputed Kashmir region and ahead of an election this spring, risks seem to be on the rise even though the macro impact may be limited for now, the strategist said. On Wednesday, the longstanding conflict flared up, with Pakistan taking responsibility for shooting down a pair of Indian military jets and capturing a pilot after the planes reportedly crossed the Line of Control, dividing Indian and Pakistani-held territories for the first time since 1971 and bombed Pakistani targets . Earlier this month, a Pakistani militant group said it attacked Indian security personnel . Fresh water-rich Kashmir in the Himalayas is jointly administered by Pakistan and India. Both nation Show less Read more
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