ADVERTISEMENT
Argentina's 48% Stock Rout Second-Biggest in Past 70 Years
Argentina's 48% Stock Rout Second-Biggest in Past 70 Years
13 Aug 2019, 06:54 AM IST
(Bloomberg) -- 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 of the 94 stock exchanges tracked by Bloomberg going back to 1950. Sri Lanka’s bourse tumbled more than 60% in June 1989 as the nation was engulfed in a civil war.
Here are the top 5:
--With assistance from Elena Popina.
To contact the reporter on this story: Sarah Ponczek in New York at sponczek2@bloomberg.net
To contact the editor responsible for this story: Jeremy Herron at jherron8@bloomberg.net
©2019 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT