UTV News

[bsa_pro_ad_space id=1]

News

Argentine peso and markets plunge after shock vote

Argentine peso and markets plunge after shock vote
August 13
10:05 2019

(UTV|COLOMBO) – Argentine stock markets and its currency have both plunged after conservative Argentine President Mauricio Macri suffered a shock defeat in primary elections on Sunday.

The peso fell 15% against the dollar on Monday after earlier plunging around 30% to a record low.

Some of the country’s most traded stocks have also lost around half of their value in one day.

Mr Macri, in response, has pledged to “reverse” Sunday’s election result.

At a news conference on Monday, the president also said that the drop suggested the market lacked confidence in an opposition government.

 

Agencies

 

 

Keeping up to date with breaking news while you are on the move is now simple with UTV Alerts Type REG UTV and send to 77000 on your Dialog, Airtel, or Hutch mobile connection

 

  •  
  •  
  •  
  •  
  •  
  •  
  •  

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

View All Sports News

View All Business News

  •  
  •  
  •  
  •  
  •  
  •  
  •