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You're browsing: HSBC News » Emerging Markets » Article Title: Terrorists in India near financial district, HSBC
29
Nov
Terrorists in India near financial district, HSBC
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On Wednesday, November 26, terrorists struck in India, killing over 100 and injuring over 300 more. India halted stocks, bonds, currencies and commodities trading on Friday, forcing brokerages and fund-management companies to close offices today. The Oberoi and Taj hotels that were targeted are near the financial district, which houses Merrill Lynch, Morgan Stanley and HSBC Holdings Plc. Dell Inc. and Hewlett-Packard Co., the world’s two largest computer suppliers, limited their staff movement in India.

The terrorists targeted foreign nationals, primarily British and American citizens, and landmark hotels, adding a new dimension to a wave of bombings in India this year that has killed more than 300 people. India’s stock index futures and rupee forwards fell while credit-default swaps rose after militants killed 101 people in Mumbai, taking hostages in the nation’s first terrorist attack against foreigners.

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