May 18, 2021

The stock markets of Latin America are shaken by the renewed fear of a commercial war

The stock markets of Latin America are shaken by the renewed fear of a commercial war



The majority of Latin American stock markets today closed in the red, as do most other markets in the world, fearing that trade negotiations between the United States and China will be complicated after the arrest in Canada of the daughter of the founder of Huawei, Meng Wanzhou.

In the New York parquet, the Industrial Dow Jones, fell 0.32% and was in 24,947.67 whole; and the selective S & P 500 yielded 0.15% and stood at 2,695.95 units; while the composite index of the Nasdaq market, in which important technological firms are listed, advanced 0.42% and stood at 7,188.26 points.

Markets in the world today moved lower due to the fear that the commercial truce between the US will be complicated. and China after the arrest in Canada of Wanzhou Meng, daughter of the founder of the Huawei technological and financial director of the company, for an alleged violation of the sanctions that the US government imposed on Iran.

The fear that the commercial war will intensify also took hold of investors from the Old Continent and caused falls of over 3% in the main European stock exchanges, except in Madrid, which registered a decrease of 2.75%.

Latin American markets followed the negative trend and closed in the red, except for Buenos Aires (+0.76%) and Mexico (+0.22%), also burdened by fear of a new chapter in the Sino-US conflict.

In Sao Paulo, the Ibovespa index was 88,846 points, yielding 0.22%, with movements of 13,992 million reals (about 3,611 million dollars).

In Santiago, the IPSA index closed with a negative variation of 0.40% and was parked in 5,121.08 units, after adding operations 89,846,949,484 pesos (about 132.32 million dollars).

The Colombian stock market depreciated 1.31% in its Colcap index, which remained at 1,390.00 whole, after transactions for 133,315 million pesos (about 41.8 million dollars).

The S & P / BVL Peru General index closed at 19,322.91 points after falling 1.06%, in a session in which 203,911,724 soles (60,337,838 dollars) were traded in 368 transactions.

On the positive side, the Mexican stock market advanced 0.22% and the Price and Quotation Index (IPC) stood at 41,987 units, after negotiations for 17,397 million pesos (about 854.4 million dollars).

The Merval index of Buenos Aires rose 0.76% and stood at 32,019.84 integers, after reaching a financial volume of 603.9 million pesos (15.6 million dollars).

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

Market Closing Points

SAO PAULO -0.22% 88,846

MEXICO +0.22% 41,987

BUENOS AIRES +0.76% 32,019.84

SANTIAGO -0.40% 5.121,08

COLOMBIA -1.31% 1,390.00

LIMA -1.06% 19,322.91

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