India’s sudden market holiday risks denting global image

India’s suspension of equities and currency trading reminded global investors of its frontier economy status, despite its growing equity market value and aspirations to be a market-friendly nation. The closure of the stock market for the inauguration of a Hindu temple on Monday, announced with short notice, disrupted trading and drew mixed reactions on social media. While some believe it will have minimal impact on India’s standing among investors, others express concern about the lack of communication and potential disruptions to algo trading.