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The Nexus
BUSINESSJun 23 · 05:59 UTCTHE RIO TIMESMatias Sebastian Lopez

Argentina Misses Its Big Index Upgrade, and Bank Stocks Crash

MSCI kept Argentina in its lowest market tier instead of upgrading it, which could have attracted nearly a billion dollars in automatic foreign buying. Argentine bank shares that had risen on upgrade expectations sharply declined in New York following the decision.

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