India: Blood-watershed

India’s terrorist attacks are a watershed moment in the subcontinent’s fragile history – and perhaps for global markets. It doesn’t look like the Mumbai massacre - which has killed at least 101 people and injured nearly 300 – will cause the Indian stock market to collapse, but for the first time Islamic extremists have targeted tourists and the financial district. Both are critical to India’s growth and international standing. Investors have long downplayed geopolitical risk. Stocks plummeted a...