Merval Gains 0.3% as Country Risk Stays at 646 | Argentina Markets, Oct 2
Argentina's Merval rose 0.32% on Friday as country risk closed at 646 basis points, close to its 2026 high, and the peso held near ARS1,524 per dollar. The post Merval Gains 0.3% as Country Risk Stays at 646 | Argentina Markets, Oct 2 appeared first on The Rio Times .
Argentina's main stock index, the Merval, climbed 0.32% to close at 2,767,663 points on Friday, a modest rebound following a turbulent week marked by surging country risk. The country risk premium, which gauges the extra yield investors demand to hold Argentine debt over U.S. Treasuries, ended at 646 basis points, slightly below its peak of 655 seen earlier in the session.
The peso strengthened marginally against the U.S. dollar, closing near ARS1,524 per greenback, a 0.04% decrease from the previous day. Despite the gains, the market remained cautious, with trading activity focused on a few liquid stocks like YPF and Grupo Galicia. Argentina's reform trade is stabilising, but investors continue to demand a significant premium for holding Argentine assets, reflecting ongoing concerns about the country's fiscal health and economic outlook.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
