Despite March Comeback, Most Latin American Equity Markets Sustained Losses in Q1 2021
This article is reprinted from the Indexology blog of S&P Dow Jones Indices. The first quarter was a tough one for equity markets in the region, as a stronger U.S. dollar and the ongoing impact of the COVID-19 pandemic weighed on performance. Despite a 3.1% gain in March, the S&P Latin America BMI lost 5.8% in USD in Q1 2021, while the S&P 500® gained 6.2%. At the country level, the story was mixed. Mexico and Chile finished the quarter in positive territory, while Brazil, Argentina, and Colombia all declined. Peru was nearly flat. The currency exchange rate plays an important role in th...
Source: spglobal.com