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Local stocks traded in New York drop as much as 7%

2020-06-16T15:50:02.013Z


Foreign law bonds began with widespread losses. The local market does not operate due to the holiday


06/15/2020 - 13:13

  • Clarín.com
  • Economy
  • Economy

Without operations in the local market for the holiday, the eyes are on Monday on Wall Street. The Dow Jones fell 1% and the bad external climate enveloped Argentine assets listed in New York.

Thus, among the shares that operate on Wall Street (ADR) there were drops of up to 7.1% , as in the case of IRSA. YPF's stock was down 5%.

Bonds with foreign law, meanwhile, started the wheel with general losses, although they did not reach 2%.

This was reflected in the country risk indicator, which rose 2.2% to 2,629 units in the final tranche of Argentina's debt swap. 

Regarding the weather on Wall Street, which is dragging Argentine assets today, Fernando Marull points out in his report that the American stock market had its worst week since March : the S&P fell almost 6% in one day.

"After closing on Monday with practically all the indexes recovering the losses of the year (including, the Nasdaq reached new historical maximums), the American stock market rounded its worst week since March. The S&P index accumulated three consecutive losses between Tuesday and Thursday, being that of this last day especially bulky ( -5.9%, worst daily record since the 12% collapse of March 16 ), to end the week with a lukewarm rebound somewhat above 1%, "he details. 

Source: clarin

All business articles on 2020-06-16

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