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Shares of travel, tourism, and hospitality companies declined on Friday, as escalating tensions between India and Pakistan triggered broad fears of disrupted travel plans, lower tourism demand, and dampened discretionary spending.
The selloff was fuelled by geopolitical uncertainty, after Pakistan launched heavy artillery shelling, drone, and loitering munition attacks overnight across key border areas, including Jammu and Kashmir, Punjab, and Rajasthan. Jammu Airport, which houses an Indian…
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