JP Morgan Country Risk Index Hits 1-Month High; Wall Street Stocks Fall Up to 6%

JP Morgan's country risk index for Argentina rose to 526 points, its highest in a month, following the Fed's rate hike this week. The increase reflects heightened investor concern over emerging market assets, compounded by a selloff on Wall Street with stocks falling up to 6%. The Fed's tightening is pressuring risk assets globally, with Argentina's sovereign risk particularly sensitive.