Argentina's stock market crashed 4.25% to 3,110,490 on June 24 after MSCI kept it in the lowest tier with no upgrade; banks led the rout.
Key Facts
The Merval crashed 4.25% to 3,110,490 on June 24 — its steepest fall in weeks and the climax of a three-day slide.
The MSCI verdict was the trigger — Argentina was kept in the lowest tier, with no consultation opened toward an upgrade.
Banks led the rout — the shares most exposed to any future foreign-inflow upgrade fell hardest.
The peso held flat near 1,479 per dollar — marking the blow as an equity repricing, not a currency event.
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