While Belgium shocked world number one Argentina 2-3, lowest-ranked team of the tournament, Spain pulled off the biggest upset of the tournament so far by defeating World Cup silver medallist Netherlands by an identical margin.
In the first match of the day, the win enabled world number three Belgium to avenge their loss to Argentina in the title clash of the 2016 Rio Olympics.
After a barren second and third quarters where both the teams struggled to get an edge over each other, the final 10 minutes witnessed an edge-of-the-seat tussle with the teams pumping in as many as four goals.
After Belgium doubled their lead in the 51st minute through a field goal by Amaury Keusters, Argentina pulled one back a minute later when Maico Casella found the net from a field effort.
The Argentines, however, did not give up without a fight and scored again to reduce the deficit a minute later through Gonzalo Peillat's (57th minute) penalty corner strike.
It was Argentina all the way in the last three minutes of the game but Belgium defended stoutly to held on to their lead.
Meanwhile in the second match of Pool A, Spain, ranked ninth in the world, punched above their weight to outclass two-time Olympic champions Netherlands.
Spain scored their goals through Pau Quemada (15th minute), Enrique Gonzalez (35th) and Diego Arana (39th), while Lars Balk (37th) and Mirco Pruijser (55th) were the goal getters for the Dutchmen.
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