Argentina Stocks Fall 1.2% as Bonds Slip | Argentina Market Report, Oct 14
Argentina’s Merval fell 1.2% to 2,835,843 on Wednesday 14 October as country risk rose 12 points to 611 and US inflation hit global markets. The post Argentina Stocks Fall 1.2% as Bonds Slip | Argentina Market Report, Oct 14 appeared first on The Rio Times .
Argentina's main stock index, the S&P Merval, fell 1.2% on Wednesday, October 14, following declines in Wall Street. The country risk gauge rose 12 points to 611, indicating higher borrowing costs compared to the United States. The wholesale dollar closed at 1,513 pesos, an increase of 50 centavos. Falling Argentine bank shares and a higher risk gauge impacted US investors in ARGT fund and YPF, which track similar investor sentiment.
Argentine sovereign dollar bonds fell 0.3% on average, pushing country risk above 600. The sell-off mirrored global trends, but Argentina's risk gauge changed more significantly. Bank shares and energy shares weighed on the market, with individual companies like YPF showing relatively better performance.
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.
