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India-Pakistan Tensions Soar, Markets Plunge Amid Aerial Battles

5/9/2025

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Summary

Story summary

Tensions between India and Pakistan have surged, rattling global markets. On May 8, 2025, the Indian Sensex plummeted by nearly 412 points as key sectors faced heavy selling amid escalating military confrontations. Pakistan reported deploying Chinese-made J-10C jets, while both nations engaged in fierce aerial battles, downing each other's drones and missiles over civilian areas.

History

Historical Context

Tensions between India and Pakistan stem from the 1947 partition, which created deep-seated animosity and territorial disputes, particularly over Kashmir. Since then, both nations have engaged in multiple wars and military standoffs. The recent military confrontations echo the 2001-2002 standoff, where similar escalations raised fears of nuclear conflict, highlighting the enduring volatility of their relationship.

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Story summary

Tensions between India and Pakistan have surged, rattling global markets. On May 8, 2025, the Indian Sensex plummeted by nearly 412 points as key sectors faced heavy selling amid escalating military confrontations. Pakistan reported deploying Chinese-made J-10C jets, while both nations engaged in fierce aerial battles, downing each other's drones and missiles over civilian areas.

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