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

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.

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.

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Argentina's massive stock market and currency sell-off triggers risk of contagion, analysts warnArgentina's President Mauricio Macri lost by a far greater margin that expected in primary elections on Sunday. Argentina isn’t important for the world economy ,it is very small economy and has no strong GDP or consumers and has debts problems from long time but the media start to use it as scare campaigns tools for stock investors and should has no effect . The worst risk here are ElisaCarrioArg and MovistarArg , also gabimichetti , but she’s harmless at least
Source: CNBC - 🏆 12. / 72 Read more »