Argentina Stock Market Crashes
1 reply to this topic
Posted 12 August 2019 - 11:09 PM
Argentine peso and markets plunge after shock vote
12 August 2019
Argentine stock markets and its currency have both plunged after conservative Argentine President Mauricio Macri suffered a shock defeat in primary elections on Sunday.
" The peso fell 15% against the dollar on Monday after earlier plunging around 30% to a record low.
Some of the country's most traded stocks have also lost around half of their value in one day.
Argentina is a country that has suffered with all sorts of economic problems that are taught in textbooks.
But even by its standards, this market meltdown is unprecedented.
In just two hours, a third of the Merval index (which accounts for the most traded stocks in the country) was wiped out in value. "
more at link
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users