Argentine stocks and currency crash on election surprisesteemCreated with Sketch.

in dlike •  2 months ago 

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Wow.... just when you think the world can't handle yet ANOTHER upset and market-rattling shake-up. Anyone watching Argentinian stocks today likely couldn't believe what they were seeing as falling currencies unleashed unheard of price declines. Almost every Argentinian stock I can find is down about 50% today... one of the largest declines in the last 70 years according to another article from Bloomberg: https://www.bloomberg.com/news/articles/2019-08-12/argentina-s-46-stock-rout-second-biggest-in-past-70-years


The presidential primaries were viewed by many as a referendum on Macri's painful economic reforms.


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