Company. Headquarters and. Ship it right but i need them our chief representative of german history and commerce in hong kong thank you for speaking to w. Thank you argentinas Financial Markets are known to be volatile but even by these standards it was a brutal meltdown the marvel Stock Exchange nervous stock index rather lost almost half of its value in dollar terms what bloomberg said was the 2nd worst one day plunge of any market in 70 years investors panic after the countrys business friendly president was walloped in a primary election by his leftist rival who is running mate is the former president many blame for the countrys economic mess theyre promising more of the state. The peso tumbled more than 30 percent against the u. S. Dollar before recovering somewhat on monday shares in Argentine Companies fell and the price of insuring the countrys Debt Rose Investors fear that argentine president moderate c. E. O. Mock you will lose control of the country before he writes his Fina
suggested renegotiating the i.m.f. lifeline and uncertain proposition voters will have the decision in october remain on a stable but painful reform path for follow a new direction filled with big but vague promises. let s get more on the story with. a national correspondent unadvised in frankfurt stock exchange and then to give us an idea of the magnitude of this meltdown and what it means to financial markets. it was actually the biggest market rout of the 2nd biggest market crowd in history after a long can market slump some days ago so it s a huge. vote of non-confidence for the potential new government and the problem is not it s certainly that christine nikhil might be the deputy of the new government and christina kitchenette was the president of argentina between 200-725-2015 she presided over the last the fold of the