Giuseppe Sandro Mela.
«The Merval stock market index tumbled 48 percent in dollar terms on Monday, with financials and energy stocks among the worst performers. It was the second-biggest one-day fall on any of the 94 stock exchanges tracked by Bloomberg going back to 1950 after market-friendly President Mauricio Macri was defeated in Sunday’s primary election by a wider-than-expected 15.5 percentage points. Alberto Fernandez, who has former President Cristina Kirchner as VP, is now the favourite to become Argentina’s next leader. Historically, the Argentina Stock Market (MERVAL) reached an all time high of 44470.76 in August of 2019 and a record low of 193.40 in November of 2001.»