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Global markets are jittery as India-Pakistan tensions hit a near 50-year high

Global markets are jittery as India-Pakistan tensions hit a near 50-year high
REUTERS/Andrea Comas



Global investors are jittery Wednesday as tensions between India and Pakistan continued to rise, with the upcoming summit between the US and North Korea providing further reason for caution.




Pakistani officials said Wednesday that the country had shot down two Indian jets and carried out airstrikes on the disputed Kashmir region, which is controlled by India.




Stocks in Asia had increased strongly, but pared their gains into the close, with Chinese stocks up around 0.4%. European stocks nursed losses in the first hour of trade.



Global investors are jittery Wednesday as tensions between India and Pakistan continued to rise, with the upcoming summit between the US and North Korea providing further reason for caution.
Pakistani officials said Wednesday that the country had shot down two Indian jets and carried out airstrikes on the disputed Kashmir region, which is controlled by India. Details are currently unclear, but it has been reported that Pakistan has captured one of the pilots of the Indian jets, which landed in Pakistani-controlled territory.
Both countries have ordered airstrikes over the last two days, which, according to a Reuters report, is the first time in history that two nuclear armed powers have done so.
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