RAYC - How Afghanistan's Crisis Could Be Felt In Emerging And Frontier Markets

• The main foreign-traded assets at risk from these events are the bonds and equities in Pakistan.
• We don’t see the fall of the government, for now, having a drastic impact on the Indian equity story. And for us, the Indian equity story continues to be supported by the long-term fundamentals.
• It is clear that China regards the Taliban as a governing force. It has already received senior delegation and unequivocally called them a key part of the future.
• Afghanistan has access to vast mineral deposits, and they’re estimated to be worth over US$1 trillion.

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