{
  "id": 17157250,
  "title": "Argentina Stocks Fall 1%, YPF Drops 3.1% | Argentina Market Report, Oct 29",
  "url": "https://urgent.news/2026/10/30/argentina-stocks-fall-1-ypf-drops-3-1-argentina-market-report-oct-29",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T00:47:32.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/argentina-markets-merval-peso-thursday-october-29-2026/"
  },
  "original_language": "en",
  "account": "Argentina's stock market continued to decline on Thursday. The Merval index, representing the most traded companies in Buenos Aires, dropped roughly 1% to around 94,530 points. Energy sector stocks suffered the most significant losses; YPF, Argentina's state-owned oil company, fell 3.1% in New York despite high oil prices. Banks experienced mixed results, with Banco Macro up 1.8% and Banco Galicia down 0.3%. Meanwhile, the peso strengthened slightly against the dollar.\n\nInvestors' confidence in Argentina's stocks and bonds is crucial, as a series of lower closes makes borrowing abroad more difficult and expensive. The Merval index closed at approximately 94,530 points on Thursday, October 29, down about 1% from 95,439 on Wednesday. This was the fourth consecutive day of declines.\n\nIn New York, the market was mixed. YPF fell 3.1%, Central Puerto, an electric producer, dropped 1.9%, while Banco Macro gained 1.8%, BBVA Argentina rose 1.0%, and Cresud, a farmland company, increased 0.8%. Wall Street also faced weakness, with the S&P 500 down 0.30% and the Nasdaq down 1.38%.\n\nThe Merval's decline of nearly 1% closely mirrors Brazil's 1.06% drop, indicating that Argentine shares have followed a similar pattern this week. Argentine shares traded in New York, such as ARGT, fell by 1.03%. Confirmation of a single cause for the decline remains elusive, and observers will be watching to see if the downward trend continues or if the stability of the peso attracts new investors. The Merval index, obtained from the exchange feed, is currently reported at around 94,530 with a 1% decline. The daily market rate of 1,538.50 pesos per dollar is based on the market rate in the feed, though the official Banco Nación quote was not confirmed for Thursday.",
  "summary": "Argentina’s Merval index fell about 1% to roughly 94,530 on Thursday as oil company YPF dropped 3.1% in New York; the peso edged up to about 1,538 per dollar. The post Argentina Stocks Fall 1%, YPF Drops 3.1% | Argentina Market Report, Oct 29 appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}