KKR

Capital Markets Defy Terrorists

Had the same event that took place in Mumbai occurred in say, New York, the Indian stock market would have tanked 15% in the following week just as the American markets would have collapsed by 15%.

Had the same event that took place in Mumbai occurred in say, London, the Indian stock market would have tanked 5% in the following week just as the European and American markets would have drifted down by 5%.

I really do not think the US market really cares about terrorism - except if it is in the US and to a certain extent if it is in the EU.