Macroeconomy/Finance

Argentine bank shares plunged nearly 13% on Wall Street

Argentine stocks trading on Wall Street plunged to almost 13% on Wednesday, with substantial declines by the financial sector, after the decision of MCSI to rebalance its portfolio and leave out Galician and Banco Macro stocks, amid uncertainty generated by the sovereign debt restructuring. Dollar bonds, simultaneously, fell close to 4%.

Source: Ámbito

Categories: Macroeconomy/Finance