Hasnain Malik Strategy and Head of Equity Research
August 5 2019
India, Pakistan: Kashmir flares up, same end-game (no hot military conflict)
Tensions in Kashmir, the region disputed by India and Pakistan, are flaring up (again). Pakistan PM Imran Khan has warned of a potential regional crisis (again). Markets may go through a phase of worry over the potential for an escalation in conflict between the two nuclear powers (again). We reiterate our view that an escalation to a hot military conflict is unlikely (again). Material falls in asset prices on the back of this issue should be temporary (again).
In India-administered Kashmir, additional troops have been deployed, elected politicians have been put under house arrest...
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