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Argentina's 48% Stock Rout Second-Biggest in Past 70 Years

  • Only Sri Lanka has suffered a worse single-day drop since 1950
  • South America nation endured similar one-day sell-off in 2002
Bloomberg business news
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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.