Key Facts
What the world’s markets decided. Latin America split hard in two directions, both driven by banks. Argentina’s lenders crashed after the country failed to win a long-hoped-for market upgrade, while Brazil’s banks rallied and lifted its market +1.21%.
Argentina’s big disappointment. Index provider MSCI kept Argentina in its lowest category instead of upgrading it to “emerging market,” deferring close to $1 billion of expected foreign buying. The banks that had soared on that hope reversed hard — Supervielle −9.31%, Galicia −5.39% and Banco Macro −4.33%.
The US tech wobble. Wall Street’s biggest names fell — Alphabet dropped −4.99% after a US legal defeat over its platforms, and Amazon −4.75% on worries that companies are overspending on artificial intelligence. Banks and chipmakers, though, held up.
The wider mood. Bond yields rose again and the selloff spread to Asia overnight, where South Korea’s KOSPI tumbled −6.61%. The fear gauge ticked up to 17.28, a step more cautious but still far from panic.
