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Argentina's 48% Stock Rout Second-Biggest in Past 70 Years

Sarah Ponczek

(Bloomberg) -- The surprise outcome in Argentina’s primary vote roiled the nation’s financial markets, sending the S&P Merval Index plunging 48% in dollar terms.

That marked the second-biggest one-day rout on any of the 94 stock exchanges tracked by Bloomberg going back to 1950. Sri Lanka’s bourse tumbled more than 60% in June 1989 as the nation was engulfed in a civil war.

Here are the top 5:

(A previous version of this headline was corrected to fix the percentage change in the headline.)

--With assistance from Elena Popina.

To contact the reporter on this story: Sarah Ponczek in New York at sponczek2@bloomberg.net

To contact the editor responsible for this story: Jeremy Herron at jherron8@bloomberg.net

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