South Africa ETF Plunges as Economy Slips into a Recession
This article was originally published on ETFTrends.com.
South African stocks and country-specific exchange traded fund plummeted Tuesday after government data revealed the economy fell into a recession for the first time since 2009. The iShares MSCI South Africa ETF (NYSEArca: EZA) declined 7.1% Thursday and dipped to its lowest level since early 2017. South Africa’s economy unexpectedly contracted a 0.7% annualized rate [...]