# Argentina Shares Fall After MSCI Cuts Emerging Market Status - Bloomberg

> Argentine stocks fell Friday after MSCI Inc cut the country from emerging market status to 'standalone' over ongoing capital controls. The downgrade came three years after MSCI had upgraded Argentina from frontier to emerging market status. American depositary shares of YPF SA led declines, falling as much as 12%.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/46845-argentina-shares-fall-after-msci-cuts-emerging-market-status-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The index reclassification may trigger passive fund outflows and weigh on Argentine asset values, which affects confidence in the peso and the country's import capacity for feed-grade commodities. Impact on grain and oilseed prices is limited.

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-06-24/argentine-stocks-cut-from-emerging-market-status-on-fx-controls

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.