IBOV 175,017.19 ▼ 0.56% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL5.11▲ 0.58% USD/MXN17.44▲ 0.28% USD/CLP927.20▲ 0.13% USD/COP3,227▼ 1.00% USD/PEN3.40▲ 0.40% USD/ARS1,475▼ 0.07% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.14▼ 0.19% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% EUR/BRL5.84▲ 0.57% BRENT 84.50 ▼ 0.53% WTI 78.50 ▼ 1.38% IRON ORE 161.91 — — COPPER 6.32 ▲ 0.34% SILVER 56.03 ▼ 1.89% SOY 1,197 ▼ 0.46% CORN 464.00 ▲ 3.69% WHEAT 674.00 ▼ 0.52% COFFEE 313.90 ▼ 6.14% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.65 ▼ 3.02% COTTON 79.07 ▼ 1.85% COCOA 5,450 ▼ 5.00% BEEF 222.98 ▼ 3.11% CATTLE 345.83 ▼ 1.18% LITHIUM 68.84 ▼ 3.12% PETR4 40.36 ▼ 0.57% VALE3 72.91 ▼ 2.15% ITUB4 42.61 ▼ 1.23% BBDC4 18.37 ▼ 1.24% ABEV3 15.66 ▲ 0.58% BBAS3 20.54 ▼ 0.05% B3SA3 15.37 ▼ 2.04% WEGE3 43.37 ▼ 2.01% PRIO3 57.31 ▼ 0.33% SUZB3 41.92 ▲ 1.06% RENT3 39.17 ▼ 2.92% AZZA3 18.56 ▼ 0.54% CSAN3 3.90 ▼ 0.76% RAIZ4 0.30 ▲ 3.45% PCAR3 2.70 ▲ 3.05% GMAT3 3.94 ▼ 1.01% PSSA3 55.10 ▼ 0.22% CVCB3 1.36 ▲ 1.49% POSI3 3.86 ▼ 2.28% SLCE3 13.58 ▲ 0.59% NATU3 8.57 ▼ 1.15% BRKM5 6.12 ▼ 4.52% RANI3 8.04 ▲ 0.75% CSNA3 5.14 ▼ 1.91% CMIN3 5.46 ▲ 4.20% USIM5 8.06 ▼ 1.71% GGBR4 23.94 ▼ 1.07% ENEV3 26.18 ▼ 2.86% CPFE3 46.69 ▼ 0.30% CMIG4 11.03 ▼ 1.08% EQTL3 39.85 ▼ 1.19% LREN3 13.73 ▼ 2.62% VIVT3 35.62 ▲ 0.42% RAIL3 13.97 ▼ 0.71% KLABIN 17.44 ▲ 0.29% RAIA DROGASIL 18.65 ▼ 0.11% RDOR3 35.71 ▼ 0.83% HAPV3 10.88 ▼ 1.00% FLRY3 16.34 ▼ 1.03% SMTO3 15.62 ▲ 0.58% UGPA3 31.66 ▲ 1.80% VBBR3 34.37 ▲ 1.84% BBSE3 41.02 ▲ 0.76% BPAC11 56.38 ▼ 1.16% CURY3 31.81 ▼ 2.81% AERI3 2.02 — 0.00% VIVARA 23.32 ▼ 0.85% COMPASS 24.97 ▼ 0.56% VAMOS 3.17 ▲ 1.60% SANB11 26.99 ▼ 0.04% ASAI3 8.51 ▼ 1.73% SBSP3 29.65 ▼ 1.10% WALMEX 49.46 ▼ 0.48% GMEXICO 200.70 ▲ 0.24% FEMSA 224.29 ▲ 0.46% CEMEX 22.86 ▲ 1.06% GFNORTE 179.38 ▼ 2.22% BIMBO 59.00 ▲ 2.57% TELEVISA 9.61 ▲ 0.52% AMX 22.85 ▲ 0.22% GAP 390.49 ▼ 1.66% ASUR 281.56 ▼ 0.67% OMA 232.43 ▼ 1.18% KOF 179.38 ▲ 1.37% GRUMA 286.52 ▲ 1.84% KIMBER 38.75 ▲ 0.23% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 77,750 ▼ 1.02% GGAL 7,960 ▼ 2.99% PAMPA 5,125 ▼ 2.19% TXAR 666.00 ▼ 0.75% ALUAR 951.50 ▼ 0.83% TGS 9,520 ▼ 2.36% CEPU 2,284 ▼ 2.56% MIRGOR 16,700 ▼ 1.62% COME 44.97 ▼ 1.45% LOMA NEGRA 3,605 ▼ 0.21% BYMA 301.75 ▼ 0.74% TELECOM ARG 4,230 ▼ 1.97% ECOPETROL 15.93 ▼ 0.31% BANCOLOMBIA 79.63 ▼ 2.35% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 389.18 ▼ 2.27% SOUTHERN COPPER 176.46 ▼ 2.80% BUENAVENTURA 30.07 ▼ 2.08% MERCADOLIBRE 1,851 ▲ 0.43% NUBANK 13.92 ▲ 0.25% XP 16.66 ▼ 1.27% PAGSEGURO 9.19 ▼ 0.22% STONE 11.19 ▼ 0.80% GLOBANT 33.08 ▲ 3.44% TECNOGLASS 47.34 ▲ 3.66% GAP AIRPORT 223.70 ▼ 1.80% ASUR 281.56 ▼ 0.67% OMA AIRPORT 106.53 ▼ 1.27% AMX ADR 26.18 ▲ 0.25% FEMSA ADR 128.60 ▼ 0.13% CEMEX ADR 13.13 ▲ 0.42% PETROBRAS ADR 17.57 ▼ 1.62% VALE ADR 14.24 ▼ 2.97% ITAU ADR 8.33 ▼ 1.48% SANTANDER BR 5.32 ▼ 0.56% AMBEV ADR 3.05 ▲ 0.50% CSN 1.02 ▼ 0.97% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.80 ▼ 1.95% BTC 64,097 ▼ 0.95% ETH 1,869 ▼ 2.50% SOL 75.78 ▼ 1.92% XRP 1.10 ▼ 0.82% BNB 575.64 ▼ 0.77% ADA 0.16 ▼ 1.27% DOGE 0.07 ▼ 0.98% AVAX 6.56 ▼ 2.03% LINK 8.40 ▼ 1.62% DOT 0.85 ▲ 0.30% LTC 45.14 ▲ 0.04% BCH 222.41 ▼ 0.33% TRX 0.32 ▼ 0.45% XLM 0.19 ▲ 0.96% HBAR 0.07 ▼ 0.10% NEAR 2.07 ▲ 0.43% ATOM 1.52 ▼ 2.16% AAVE 92.37 ▼ 3.61% SELIC 14.25% EMBRAER 82.24 ▼ 0.13% EMBRAER ADR 64.22 ▼ 1.06% JBS 12.16 ▲ 0.50% JBS BDR 61.99 ▲ 0.91% MBRF3 15.21 ▼ 1.23% MBRFY 2.98 ▲ 3.83% INTER 5.52 ▼ 1.78% EGX 52,928 ▲ 0.70% USD/ZAR16.42▲ 0.54% USD/NGN1,378▼ 0.12% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY162.47▲ 0.18% USD/CNY6.76▼ 0.11% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD1.14▼ 0.23% GBP/USD1.35▲ 0.53% SPX 7,553 ▼ 0.26% DJI 52,643 ▼ 0.03% NDX 29,134 ▼ 1.25% RUT 2,978 ▲ 0.05% TSX 35,330 ▼ 0.24% VIX 16.27 ▲ 3.83% USD/CAD1.41▲ 0.09% US10Y 4.5730 ▲ 0.62% IBOV 175,017.19 ▼ 0.56% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL 5.11 ▲ 0.58% USD/MXN 17.44 ▲ 0.28% USD/CLP 927.20 ▲ 0.13% USD/COP 3,227 ▼ 1.00% USD/PEN 3.40 ▲ 0.40% USD/ARS 1,475 ▼ 0.07% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.31% EUR/BRL 5.84 ▲ 0.57% BRENT 84.50 ▼ 0.53% WTI 78.50 ▼ 1.38% IRON ORE 161.91 — — COPPER 6.32 ▲ 0.34% SILVER 56.03 ▼ 1.89% SOY 1,197 ▼ 0.46% CORN 464.00 ▲ 3.69% WHEAT 674.00 ▼ 0.52% COFFEE 313.90 ▼ 6.14% SUGAR 14.41 ▼ 2.96% ORANGE JUICE 134.65 ▼ 3.02% COTTON 79.07 ▼ 1.85% COCOA 5,450 ▼ 5.00% BEEF 222.98 ▼ 3.11% CATTLE 345.83 ▼ 1.18% LITHIUM 68.84 ▼ 3.12% PETR4 40.36 ▼ 0.57% VALE3 72.91 ▼ 2.15% ITUB4 42.61 ▼ 1.23% BBDC4 18.37 ▼ 1.24% ABEV3 15.66 ▲ 0.58% BBAS3 20.54 ▼ 0.05% B3SA3 15.37 ▼ 2.04% WEGE3 43.37 ▼ 2.01% PRIO3 57.31 ▼ 0.33% SUZB3 41.92 ▲ 1.06% RENT3 39.17 ▼ 2.92% AZZA3 18.56 ▼ 0.54% CSAN3 3.90 ▼ 0.76% RAIZ4 0.30 ▲ 3.45% PCAR3 2.70 ▲ 3.05% GMAT3 3.94 ▼ 1.01% PSSA3 55.10 ▼ 0.22% CVCB3 1.36 ▲ 1.49% POSI3 3.86 ▼ 2.28% SLCE3 13.58 ▲ 0.59% NATU3 8.57 ▼ 1.15% BRKM5 6.12 ▼ 4.52% RANI3 8.04 ▲ 0.75% CSNA3 5.14 ▼ 1.91% CMIN3 5.46 ▲ 4.20% USIM5 8.06 ▼ 1.71% GGBR4 23.94 ▼ 1.07% ENEV3 26.18 ▼ 2.86% CPFE3 46.69 ▼ 0.30% CMIG4 11.03 ▼ 1.08% EQTL3 39.85 ▼ 1.19% LREN3 13.73 ▼ 2.62% VIVT3 35.62 ▲ 0.42% RAIL3 13.97 ▼ 0.71% KLABIN 17.44 ▲ 0.29% RAIA DROGASIL 18.65 ▼ 0.11% RDOR3 35.71 ▼ 0.83% HAPV3 10.88 ▼ 1.00% FLRY3 16.34 ▼ 1.03% SMTO3 15.62 ▲ 0.58% UGPA3 31.66 ▲ 1.80% VBBR3 34.37 ▲ 1.84% BBSE3 41.02 ▲ 0.76% BPAC11 56.38 ▼ 1.16% CURY3 31.81 ▼ 2.81% AERI3 2.02 — 0.00% VIVARA 23.32 ▼ 0.85% COMPASS 24.97 ▼ 0.56% VAMOS 3.17 ▲ 1.60% SANB11 26.99 ▼ 0.04% ASAI3 8.51 ▼ 1.73% SBSP3 29.65 ▼ 1.10% WALMEX 49.46 ▼ 0.48% GMEXICO 200.70 ▲ 0.24% FEMSA 224.29 ▲ 0.46% CEMEX 22.86 ▲ 1.06% GFNORTE 179.38 ▼ 2.22% BIMBO 59.00 ▲ 2.57% TELEVISA 9.61 ▲ 0.52% AMX 22.85 ▲ 0.22% GAP 390.49 ▼ 1.66% ASUR 281.56 ▼ 0.67% OMA 232.43 ▼ 1.18% KOF 179.38 ▲ 1.37% GRUMA 286.52 ▲ 1.84% KIMBER 38.75 ▲ 0.23% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 77,750 ▼ 1.02% GGAL 7,960 ▼ 2.99% PAMPA 5,125 ▼ 2.19% TXAR 666.00 ▼ 0.75% ALUAR 951.50 ▼ 0.83% TGS 9,520 ▼ 2.36% CEPU 2,284 ▼ 2.56% MIRGOR 16,700 ▼ 1.62% COME 44.97 ▼ 1.45% LOMA NEGRA 3,605 ▼ 0.21% BYMA 301.75 ▼ 0.74% TELECOM ARG 4,230 ▼ 1.97% ECOPETROL 15.93 ▼ 0.31% BANCOLOMBIA 79.63 ▼ 2.35% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 389.18 ▼ 2.27% SOUTHERN COPPER 176.46 ▼ 2.80% BUENAVENTURA 30.07 ▼ 2.08% MERCADOLIBRE 1,851 ▲ 0.43% NUBANK 13.92 ▲ 0.25% XP 16.66 ▼ 1.27% PAGSEGURO 9.19 ▼ 0.22% STONE 11.19 ▼ 0.80% GLOBANT 33.08 ▲ 3.44% TECNOGLASS 47.34 ▲ 3.66% GAP AIRPORT 223.70 ▼ 1.80% ASUR 281.56 ▼ 0.67% OMA AIRPORT 106.53 ▼ 1.27% AMX ADR 26.18 ▲ 0.25% FEMSA ADR 128.60 ▼ 0.13% CEMEX ADR 13.13 ▲ 0.42% PETROBRAS ADR 17.57 ▼ 1.62% VALE ADR 14.24 ▼ 2.97% ITAU ADR 8.33 ▼ 1.48% SANTANDER BR 5.32 ▼ 0.56% AMBEV ADR 3.05 ▲ 0.50% CSN 1.02 ▼ 0.97% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.80 ▼ 1.95% BTC 64,097 ▼ 0.95% ETH 1,869 ▼ 2.50% SOL 75.78 ▼ 1.92% XRP 1.10 ▼ 0.82% BNB 575.64 ▼ 0.77% ADA 0.16 ▼ 1.27% DOGE 0.07 ▼ 0.98% AVAX 6.56 ▼ 2.03% LINK 8.40 ▼ 1.62% DOT 0.85 ▲ 0.30% LTC 45.14 ▲ 0.04% BCH 222.41 ▼ 0.33% TRX 0.32 ▼ 0.45% XLM 0.19 ▲ 0.96% HBAR 0.07 ▼ 0.10% NEAR 2.07 ▲ 0.43% ATOM 1.52 ▼ 2.16% AAVE 92.37 ▼ 3.61% SELIC 14.25% EMBRAER 82.24 ▼ 0.13% EMBRAER ADR 64.22 ▼ 1.06% JBS 12.16 ▲ 0.50% JBS BDR 61.99 ▲ 0.91% MBRF3 15.21 ▼ 1.23% MBRFY 2.98 ▲ 3.83% INTER 5.52 ▼ 1.78% EGX 52,928 ▲ 0.70% USD/ZAR 16.42 ▲ 0.80% USD/NGN 1,378 ▼ 0.11% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY 162.47 ▲ 0.21% USD/CNY 6.7618 ▲ 0.06% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD 1.1438 ▼ 0.26% GBP/USD 1.3468 ▼ 0.51% SPX 7,553 ▼ 0.26% DJI 52,643 ▼ 0.03% NDX 29,134 ▼ 1.25% RUT 2,978 ▲ 0.05% TSX 35,330 ▼ 0.24% VIX 16.27 ▲ 3.83% USD/CAD 1.4052 ▲ 0.11% US10Y 4.5730 ▲ 0.62%
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Argentina Surpasses One Million Covid-19 Cases Despite Record Quarantine

By · October 20, 2020 · 4 min read

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RIO DE JANEIRO, BRAZIL – At the extreme end of Argentina in a city known as “The End of the World,” where many thought they might be spared from the worst of the coronavirus pandemic. Sitting far from Buenos Aires, health workers in Ushuaia were initially able to contain a small outbreak among foreigners hoping to catch boats to the Antarctic at the start of the crisis.

Argentina has seen cases spiral despite instituting one of the world’s longest lockdowns. Colombia’s major cities have seen a dip, but smaller areas like the department of Caldas in the coffee region are only now reaching a peak.
Argentina has seen cases spiral despite instituting one of the world’s longest lockdowns. (Photo internet reproduction)
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But as Argentina passed 1 million virus cases (and 26,716 deaths) on Monday, it is now smaller cities like Ushuaia that are seeing some of the most notable upticks. Doctors have had to quadruple the number of beds for COVID-19 patients over the last month. At least 60% of those tested recently are coming back positive for the virus.

“We were the example of the country,” said Dr Carlos Guglielmi, director of the Ushuaia Regional Hospital. “Evidently someone arrived with the coronavirus.”

Across Latin America, three other nations are expected to reach the 1 million case milestone in the coming weeks — Colombia, Mexico and Peru. The grim mark comes as Latin America continues to register some of the world’s highest daily case counts. And though some nations have seen important declines, overall there has been little relief, with cases dropping in one municipality only to escalate in another.

The trajectory is showing that the pandemic is likely to leave no corner of Latin America unscathed. “The second wave is arriving without ever having finished the first,” said Dr Luis Jorge Hernández, a public health professor at the University of the Andes in Colombia.

Argentina has seen cases spiral despite instituting one of the world’s longest lockdowns. Colombia’s major cities have seen a dip, but smaller areas like the department of Caldas in the coffee region are only now reaching a peak.

Peru’s overall numbers have dropped, but officials recently reported 12 regions are spiking back up. Mexico, likewise, has seen a rise in a quarter of all states over the last week. The result is that rather than a second virus wave like that being seen in Europe, epidemiologists anticipate a more sustained, plateau-like trend.

“Our countries are still coming out of the first wave,” said Dr Marcos Espinal, director of the Pan American Health Organization’s Department of Communicable Diseases. “A great part of the population remains exposed and community transmission continues.”

The virus’ cruel path through Latin America is a consequence of weak public health systems, social factors like poverty, and poor government decisions early on that resulted in flawed or limited testing and little contact tracing. Today the region is home to five of the 10 countries with the highest total cases around the globe.

Argentina initially registered low virus case numbers but now has one of the highest rates of new daily infections per capita, according to Our World in Data, a non-profit online scientific publication based at the University of Oxford. It is on par with several European countries that are experiencing a resurgence of the virus.

Dr Adolfo Rubinstein, a former Argentine health minister, said the nation depended too heavily on lockdowns as its primary means of controlling the virus, failing to purchase enough tests in the initial months of the pandemic.

Where the virus is appearing is also shifting. Initially, up to 90% of the confirmed cases were in metropolitan Buenos Aires. Today, 65% of Argentina’s cases are in its provinces and even faraway places like Ushuaia. “Now it is everywhere in the country,” Rubinstein said.

Dr Carissa F. Etienne, director of the Americas branch of the World Health Organization, warned recently that the coronavirus is appearing in places that were previously not affected, with high numbers popping up in regions like the English-speaking Caribbean. “In many countries, the pandemic has also moved to less populated areas,” she said.

That can be seen not just in Argentina but in Colombia as well. The city of Manizales in a region known for its coffee farms now registers 440.98 cases per 100,000 residents, far higher than the nationwide average of 284.09 per 100,000, according to the Ministry of Health. Officials say the slower rise in cases allowed them to expand ICU capacity.

Throughout the region, testing remains a hurdle. In Peru, officials have relied heavily on antibody tests to identify cases — even though the tests are not designed to make a diagnosis because they can only detect proteins that develop a week or more after infection. Argentina’s testing is still far below that of neighboring countries; on Sunday, just 28,800 were tested, compared to 31,988 the same day in Colombia.

The high percentage coming back positive in Argentina suggests the country is still likely missing vast numbers of infections. Brazil reached 1 million cases in June and now is up to 5.2 million for the pandemic.

“These are huge undercounts of what is really going on in terms of numbers,” said Felicia Knaul, director of the Institute for Advanced Study of the Americas at the University of Miami. “We need more consistent mask use — but we have to couple that with testing and tracing — or else the numbers are going to rise tremendously.”

In Ushuaia, officials believe truckers carrying in produce from the Buenos Aires region may be responsible for the rise in cases since mid-September. The city, famous as a departure point for cruises to the Antarctic, had been a model for the nation. Closed off air travel and a halt on tourism left it virus-free for months.

But that false sense of comfort may have led people to relax on basic pandemic norms like hand washing and social distancing. The Tierra del Fuego province, which has a population of about 150,000, now has over 8,000 confirmed cases.

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