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UPDATE 2-Argentina stocks slide led by energy, banks after MSCI downgrade


(Updates index move)
BUENOS AIRES, June 25 (Reuters) - Argentina’s S&P Merval stock index closed down some 2.7% on Friday after MSCI yanked the country’s emerging market status and reclassified it a “standalone” market over continued tough capital controls limiting accessibility for investors.
Index provider MSCI said on Thursday it would reclassify the MSCI Argentina Index from Emerging Markets to Standalone Markets status during its November index review, due to the “prolonged severity of capital controls with no resolution.”
Indices can funnel billions of dollars of tracking funds into developing economies. A status downgrade can spark forced selling by funds, hitting locally listed companies hard. ....

Haute Normandie , France General , Buenos Aires , Distrito Federal , Grupo Supervielle , Jorge Otaola , Adam Jourdan , Walter Bianchi , Jonathan Oatis , Thomson Reuters Trust Principles , International Monetary Fund , Paris Club , Emerging Markets , Standalone Markets , Portfolio Personal , International Monetary , Marguerita Choy , Thomson Reuters Trust , ஹாட் நார்மண்டி , புஏனோஸ் ஐரிஸ் , திஸ்திரிதோ கூட்டாட்சியின் , பண்படாமனித இயல்பு ஜூர்டான் , வால்டர் பியாஞ்சி , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , சர்வதேச பண நிதி , பாரிஸ் சங்கம் ,