Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis
|08/13/2019||Posted by BusinessMediaguide.Com under General World News||
- 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.
- The Argentine peso fell 15% against the US dollar Monday, and extended losses on Tuesday.
- Investors are worried that Argentina will default on its debt again.
- on Markets Insider.
Argentina is teetering on the brink of a financial crisis after its current leader, President Mauricio Macri, was defeated by a left-wing opponent in the read more >>>