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News: Argentina's Market Plummets 48%. Why? | Emerging Markets
On August 12th, 2019, Argentina's S&P Merval Index (the most important index of the Buenos Aires Stock Exchange), plummeted 48% - the second-largest single-day drop of any stock market since 1950. The Argentine peso also fell 15%. So the question is, why? Investors were spooked by the result of a primary election, and with the economy already struggling, and debt mounting, it increased fears for the possibility of Argentina defaulting on its debt, again. In this episode, we look at the context surrounding the stock market drop and use it as an opportunity to explore the advantages and risks…
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