Argentina's Market Plummets 48%. Why? | Emerging Markets

On August 12th, 2019, Argentina's S&P Merval Index (the most important index of the Buenos Aires Stock Exchange), plummeted 48% - the second-largest single-day drop of any stock market since 1950. The Argentine peso also fell 15%.
So the question is, why?
Investors were spooked by the result of a primary election, and with the economy already struggling, and debt mounting, it increased fears for the possibility of Argentina defaulting on its debt, again.In this episode, we look at the context surrounding the stock market drop and use it as an opportunity to explore the advantages and risks associated with emerging markets.
In this episode you will learn:why Argentina's stock market plummeted 48%what sovereign debt iswhat measures Argentina's central bank took to stem the drop in their currencythe five worst stock market drops since 1950the key risks to consider when investing in emerging marketssome of the advantages of investing in emerging marketsthe easiest way to get exposure to emerging markets
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