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India's Prime Minister Modi will hold on to his perch of the ruling coalition but his power may be watered down in an election twist, spooking investors who have enjoyed his stable hand for a decade.
India's Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on Saturday suggest his Bharatiya Janata Party will clinch a parliamentary majority.
Election results from South Africa have left investors swinging between anxiety over the different permutations that coalition may take and lingering hopes that whatever it is will result in a market-friendly government.
Election results from South Africa have left investors swinging between anxiety over the different permuations that coalition may take and lingering hopes that whatever it is will result in a market-friendly government. Before the vote, investors were bullish, confident the ruling African National Congress would secure enough votes for a coalition with a smaller party. That drove gains in the rand and the nation’s other assets.
South African markets are gripped by both hope and anxiety as the country navigates the uncertain terrain of coalition politics.