Political Instability Hits Nepal's Capital Market, NEPSE Index Plummets
Summary
Political instability causes a sharp decline in Nepal's NEPSE index, with 255 of 313 companies seeing share price drops following government actions including arrests.
Key Points
- Political instability in Nepal is directly impacting the capital market.
- The NEPSE index fell by 42.27 points to 2907.89 during one hour of trading.
- 255 out of 313 traded companies experienced share price decreases.
- The new government arrested former PM KP Sharma Oli and former Home Minister Ramesh Lekhak and introduced an asset investigation plan for officials.
