January 23, 2021

The sharp falls on Wall Street hurt the Latin American markets

The sharp falls on Wall Street hurt the Latin American markets



The stock markets of Latin America closed downward today following the negative trend of Wall Street, which ended the day with losses amid macroeconomic concerns that threaten a global slowdown.

The New York parquet closed in red and the Dow Jones Industrial, its main indicator, fell 1.27%, to 25,379.45 points, while the selective S & P 500 fell by 1.44% to 2,768.78 units and the The Nasdaq composite index was the biggest affected, losing 2.06%, which ended in 7,485.14 points.

Among the factors that determined the day worldwide are the uncertainty of a trade war, the sharp decline of the Shanghai Composite Index (-2.9%), the likely fourth increase in interest rates in the United States and the situation the alleged murder of journalist Jamal Khashoggi at the Saudi embassy in Turkey.

Thus, in addition to the falls in Asia, Europe had a bad day with declines in Madrid (-1.20%), Paris (-0.55%), Milan (-1.89%), London (-0.39) %) and Frankfurt (-1.07%).

With that scenario, Latin America was left to weigh, with a loss of 2.24% in Sao Paulo, which left its Ibovespa index at 83,847 points, after operations for 12,313 million reais (about 3,305 million dollars).

The Mexican market was down 1.8% and closed at 47,024.46 units, after which it was trading for 16,444 million pesos (some 860 million dollars).

The wheel of Buenos Aires lost 1.22%, closing at 28,370.45, at the end of movements for 564.77 million pesos (15.37 million dollars).

The Santiago Stock Exchange fell 0.43% in its main index the IPSA, which closed at 5,119.06 points, on a day in which securities were exchanged for 80,240,954,078 pesos (about 118.34 million dollars) .

Also, the Colombian corro decreased 1.02% in its capitalization index (Colcap), which closed at 1,461.26 units, in a session with a financial volume of 227,522 million Colombian pesos (about 73.5 million dollars) .

The S & P / BVL Peru General Index decreased by 1.17%, ending at 19,064.32, with a total of 53,791,849 soles (equivalent to 16,134,328 dollars).

And finally, Montevideo fell 0.81% and stood at 104.85 points, after a sale of 63,444,538 Uruguayan pesos (about 1,935,917 dollars).

The evolution of the Latin American stock exchanges was the following:

Market Closing Points

SAO PAULO -2.24% 83,847

MEXICO -1.8% 47,024.46

BUENOS AIRES -1.22% 28,370.45

SANTIAGO -0.43% 5.119.06

COLOMBIA -1.02% 1,461.26

LIMA -1.17% 19,064.32

MONTEVIDEO -0.81% 104.85

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