Friday, December 28, 2007

Benazir Bhutto's affect stock

Most Asian markets fell partly due to the assassination of Pakistani opposition leader Benazir Bhutto and worries about the outlook for the U.S. economy. Bhutto’s death on Thursday, just ahead of Jan. 8 elections, sent shock waves through international markets on worries that global instability may follow. She was assassinated in an election-rally attack in Rawalpindi, threatening the stability of a nuclear-armed nation. At least 16 people died and more than 60 were injured in the gunfire-and-bomb attack on Bhutto's rally.
The killing might harm foreign investment in Pakistan. For the past couple of years, Pakistan stock market,Karachi is up 50 percent year-to-date. It also can affect other stock market, due to its security instability.

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