(MENAFN- AFP) 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.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.