argentine stock market drops 8
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Argentine stock market drops 8%

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Arab Today, arab today Argentine stock market drops 8%

Argentine stock
Buenos Aires - Arab Today

The Argentine stock market plunged eight percent Thursday as investors fretted over a new currency rule and the sagging economy of Brazil.

The new regulation forces mutual funds to change the way they tally assets held in foreign currencies. The goal of the measure is to halt a slide in the local currency, the peso.

It was imposed Tuesday by the National Stock Market Commission.

 

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