ADRs fell more than 14%, S&P Merval dropped 5.6%, and bonds lost 8.1%

Stocks and sovereign bonds plunged more than 14% on Friday; Argentine papers suffered declines of up to 14.1%, the S&P Merval stock index fell a sharp 5.6%, to a provisional close of 24,058.60 units. Argentina’s country risk, as measured by JP.Morgan bank, rose 38 units to 4,185 points and the shorter dollar bonds sank to 8.1%.

Source: Ámbito