Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

MSCI to dump Argentina out of benchmark EM stock index

06/24/2021 | 04:41pm EDT

NEW YORK, June 24 (Reuters) - Index provider MSCI said on Thursday it will reclassify the MSCI Argentina Index from Emerging Markets to Standalone Markets status during its November index review.

“The prolonged severity of capital controls with no resolution is not in line with the Market Accessibility criteria of the MSCI Emerging Markets Index," said Craig Feldman, global head of index management research at MSCI.

"This has led to the reclassification of the MSCI Argentina Index from Emerging Markets to Standalone Markets status."

MSCI also said it will consult on the possible reclassification of Pakistan from emerging to frontier market and continues to monitor the accessibility to the Nigerian stock market. (Reporting by Rodrigo Campos Editing by Chris Reese)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EURO / ARGENTINE PESO (EUR/ARS) 0.11% 114.7691 Delayed Quote.11.61%
MSCI EMERGING MARKETS -1.36% 1277.805 Real-time Quote.0.32%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.00% 96.68 Delayed Quote.14.71%
Latest news "Economy & Forex"
08:14aMODERNA : Pfizer and Moderna raise prices for COVID-19 vaccines in EU- FT
08:13aN.Korean leader's sister warns Seoul against military drill with Washington
08:09aThailand extends pandemic measures, expands lockdown areas
08:03aREFILE-Israeli cabinet starts first state budget debate in three years
07:46aIndia's July gasoline sales above pre-pandemic levels - prelim data
07:20aThe price of a moderna jab was $25.50 a dose, contracts show, up from about €19 ($22.60) - ft
07:19aThe new price for a pfizer shot was €19.50 against €15.50 previously, according to portions of the contracts- ft
07:18aPfizer and moderna ramp up eu covid vaccine prices- ft
06:22aECOWAS ECONOMIC COMMUNITY OF WEST AFRICAN STATES : GIZ, ECOWAS train election administrators and stakeholders on effective boundary delimitation
06:17aPrivate equity firm CD&R set to make counter bid for UK's Morrisons -report
Latest news "Economy & Forex"