Here's your summary from Modi Seeks to Shore Up Coalition | Horizons Middle East & Africa June 5, 2024 (https://www.youtube.com/watch?v=7YGbDLGkl_A) on the Bloomberg Television channel:

**TLDR:** Modi loses majority in parliament, forces to lean on allies to form government, causing market volatility.

1. India's Prime Minister Narendra Modi loses majority in parliament, leading to market turmoil with $386 billion wiped out in market value.

2. South Africa's main opposition party open to coalition talks with ANC to prioritize nation's interests.

3. Investors anxiously await political negotiations in India and South Africa to form stable governments amidst uncertainty.

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