FTSE Russell downgrades Argentina stocks; Vietnam, Russia on watchlist for upgrade

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NEW YORK (Reuters) – Russell downgraded Argentina’s stock market to “unclassified” from “frontier market” on Thursday, as capital controls remain in place in the South American country.

Vietnam will remain for another year on the equity index watchlist for possible upgrade to “secondary emerging market” from “frontier market,” FTSE Russell said.

Russia’s stocks were added to the equities index watchlist for possible reclassification from “secondary emerging” to “advanced emerging” market.

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