Bangladesh crisis leaves global markets bracing for economic impact

Garment exporter faces new financial risks ahead of exiting 'least developed' status

20240807N Bangladesh protest

The government change in Bangladesh came just after its credit rating was downgraded by S&P. © Reuters

FUMITO AKIYAMA, NQN staff writer

SINGAPORE -- As Bangladesh moves toward an interim government after the ousting of Prime Minister Sheikh Hasina in a popular uprising, international financial markets are watching closely to assess the economic impact on the major apparel exporter.

On the National Stock Exchange of India, shares of Indian consumer goods maker Marico fell 6% on Tuesday despite the country's market performing well overall.

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