Argentina stock market drop
Argentina's massive stock market and currency sell-off triggers risk of contagion, analysts warn. Argentina's President Mauricio Macri lost by a far greater margin that expected in primary elections on Sunday, casting serious doubt over the incumbent's re-election chances in October. The Argentine peso initially dropped 30.3 percent, to a record low of 65 per one United States dollar, after Alberto Fernández, the opposition candidate whose running mate is Cristina Fernández de The country's main stocks index posted its worst day ever with all its components well in the red, while the cost of insuring exposure to Argentina's sovereign debt surged almost 1,000 basis points. 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 Merval decreased 9438 points or 22.96% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Argentina. Historically, the Argentina Stock Market (MERVAL) reached an all time high of 44470.76 in August of 2019. The surprise result set off a shockwave in financial markets, with the peso closing 15% weaker at 53.5 per U.S. dollar and Argentina's stock market plunging more than 30%.. It marked the second Argentina gets nailed with multiple credit downgrades a week after suffering the 2nd-largest stock drop in global history Carmen Reinicke Aug. 19, 2019, 12:21 PM
Argentina’s Stock Market Decline Is Among the World’s Worst Since 1950 Despite Monday’s drop, Argentine stocks have performed better than those in Pakistan and Oman this year.
It was a blue Monday for Argentina’s stocks, which suffered their biggest one-day percentage drop since 2014. The Buenos Aries Stock Exchange’s Merval Index shed 2,491 points to end the day Argentina's currency and the Buenos Aires Stock Exchange have plummeted, a day after President Mauricio Macri suffered a crushing defeat in a primary election. The peso has shed 15% of its value Shares of the Latin American e-commerce company MercadoLibre (ticker: MELI) fell sharply Monday amid a meltdown in Argentina’s equity market after the surprising primary defeat of the country Argentina's economy is on the edge, but its stock market has been one of the best performing in the world. A combination of high interest rates and soaring inflation has led to significant Monday, a stock market crash to the tune of a 12.22% drop hit the Merval Argentina (BCBA: IAR), the most important index of the Buenos Aires Stock Exchange. The index fell to 5,847.78 by market Find the latest stock market trends and activity today. Compare key indexes, including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial & more.
13 Feb 2019 The Argentinian stock market could double from today's levels if is now much more attractive today after its substantial decline in 2018.
Buenos Aires Stock Exchange provides daily data on several major stock market indices, but the Merval index is the one most closely monitored by analysts. Argentina’s Stock Market Decline Is Among the World’s Worst Since 1950 Despite Monday’s drop, Argentine stocks have performed better than those in Pakistan and Oman this year. Beginning of dialog window. Escape will cancel and close the window. The surprise outcome in Argentina’s primary vote roiled the nation’s financial markets, sending the S&P Merval Index plunging 48% in dollar terms. That marked the second-biggest one-day rout on any Argentina is on the brink of financial crisis after a shocking primary election saw President Mauricio Macri lose to Alberto Fernandez and his running mate, former president Cristina Fernandez de Kirschner. The S&P Merval Index plummeted 48% Monday, the second-largest single-day drop for any stock market since 1950. Markets tanked when the election results were first announced, which the S&P Merval Index dropping 48% in one day — the second-largest single-day drop ever for a global stock market. The Argentine The super-sensitive peso, seen by some as a guide for Argentina's economy, closed more than 7% weaker on Wednesday to reach 60.2 per U.S. dollar. The currency has lost a quarter of its value so far this week, while Argentina's main stock market has fallen nearly 35% in three days.
According to Bloomberg, the 48% drop in the index in a single day is the biggest fall for any market since 1950. The stock market crash will no doubt dry up liquidity in the financial system, leaving the country to teeter on the brink of another financial crisis.
25 Nov 2013 In Argentina's stock market, investment decisions are based mainly on which was caused by a decrease in the trade balance surplus and an Argentina's key stock-market index seems poised for a fall. By MIKE NORMAN Nov 25, 2015 | 04:30 PM EST. Stocks quotes in this article: MELI. Argentina just 16 Jan 2018 Instead, you borrow stocks and then sell them to someone else. Expecting the price to drop, you would then buy the stock back at a lower price, Argentina's fall from grace earlier this year followed a plot that could have been put That is the question that observers of Argentine markets are now making. away from the Buenos Aires Stock Exchange, encouraging many institutional
Argentina’s Stock Market Decline Is Among the World’s Worst Since 1950 Despite Monday’s drop, Argentine stocks have performed better than those in Pakistan and Oman this year.
According to Bloomberg, the 48% drop in the index in a single day is the biggest fall for any market since 1950. The stock market crash will no doubt dry up 13 Aug 2019 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 From 1900 to 1935, Argentina evolved from an economy highly dependent on external, primarily After 1912, however, the stock market dropped for two years. Global equities dropped after Trump said a trade deal with China might be Trump to restore tariffs on imports from Brazil, Argentina * Brazil stocks rise 1% after Such pronounced drops in stock market values are the typical result expected during crises. Yet the Argentine market more than doubled in the early months of
From 1900 to 1935, Argentina evolved from an economy highly dependent on external, primarily After 1912, however, the stock market dropped for two years. Global equities dropped after Trump said a trade deal with China might be Trump to restore tariffs on imports from Brazil, Argentina * Brazil stocks rise 1% after Such pronounced drops in stock market values are the typical result expected during crises. Yet the Argentine market more than doubled in the early months of 13 Aug 2019 Colossal 48% fall in country's benchmark stock index ranks as one of the Argentina's stock market is, not for the first time, in the headlines for 3 Dec 2019 Asian shares fell on Tuesday after US President Donald Trump stunned the markets by imposing tariffs on imports from Brazil and Argentina,