India-Pakistan Tensions Affect European Stock Markets

Credit: Wochit News
Published on February 27, 2019 - Duration: 00:41s

India-Pakistan Tensions Affect European Stock Markets

Reuters reports European stock markets opened lower on Wednesday after fresh hostilities erupted between India and Pakistan, causing Asian assets to fall and pushing investors into safe havens such as the yen.

Earlier, Pakistan said it had carried out air strikes in Indian-controlled Kashmir and shot down two Indian jets in its own airspace.

After about an hour of trading, the pan-European STOXX 600 was down about 0.5 percent.

All the main regional indexes were in the red.

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