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Andy Mukherjee

India Stocks Haunted by Macau Risk

Some industries may see a dislocation just as severe as the one unleashed by the Chinese city's crackdown.

Amid the panic and confusion caused by India's ban on 86 percent of cash in circulation, there's hope that the pain in the stock market won't last beyond a quarter or two, and that everything will be hunky-dory once banks have dispensed enough new notes.

What if that optimism was unfounded?