BUSINESSTHE RIO TIMES
Argentina’s Stock Market Crashes After a Major Index Snub
Argentina's Merval stock index dropped 4.25% after MSCI retained the country in its lowest tier and did not initiate a consultation for an upgrade. Banks led the decline, with a three-day slide reaching 11%, while the peso remained stable.
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Adjacent reporting
- Argentina’s Stock Market Eases as Index-Upgrade Hopes Fade
- Colombia’s Stock Market Falls as Oil and a Strong Dollar Weigh
- Argentina’s Merval Eases Ahead of the MSCI Verdict
- Mexico’s Stock Market Slips a Fifth Day on a Strong Dollar
- Colombia’s Stock Market Falls Again but the Peso Holds Firm
- Colombia’s Stock Market Falls a Third Day as the Peso Softens