Pakistan and India Ceasefire Broken: Market Reacts Swiftly
The breakdown of the ceasefire between Pakistan and India has rattled financial markets. The Pakistan Stock Exchange dropped over 9% in four days, while foreign investors pulled money from both Indian and Pakistani markets. In crypto, Bitcoin fell below $103K, while Ethereum and Polygon (MATIC) faced volatility due to regional uncertainty. Investors are moving cautiously, and safe-haven demand like stablecoins is seeing a brief uptick. The situation remains tense, and markets may face further shocks if conflict escalates.
