Pablo Fernández (IESE) | The drop in the Spanish Stock Market in March (up to Friday 27) was 22.9%. It is a significant fall, but there have been (so far) greater ones. Looking at the stock market performance over the last 80 years, it can be verified that the Spanish bourse has already had much bigger declines than those of March 2020.
Spain stock exchange
The proximity of the regional elections in Catalonia, due to take place at the end of this month, combined with the uncertainty over the results of this process and its consequences, is leading foreign and many domestic investors to reduce their exposure to the Spanish stock market.