Why India and Pakistan's stock markets are rallying after the US midterms

AI Summary

Stock markets in India and Pakistan have rallied after the US midterm elections, supported by expectations of lower oil prices and reduced tensions involving Iran. Analysts caution that the market gains reflect different drivers in each country and may not translate into lasting economic relief.

Stock markets in India and Pakistan have rallied following the US midterms, buoyed by hopes of easing tensions with Iran and lower oil prices. But analysts say the gains are driven by different factors, and lasting economic relief remains uncertain.