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Wall Street collapses and punishes Argentine stocks in New York

2020-10-28T16:08:47.784Z

The local stock market falls 4.8% but financial dollars loosen10/28/2020 12:34 PM Clarín.com Economy Updated 10/28/2020 12:34 PM With a 3% crash in the Dow Jones this afternoon, the local market quickly left optimism about the placement of Treasury debt behind and was dragged by the collapse in New York, a sign of concern about the new wave of Covid contagions in the world. Even so, financial dollars registered a slight decline after the issuance of dollar-



10/28/2020 12:34 PM

  • Clarín.com

  • Economy

Updated 10/28/2020 12:34 PM

With a

3% crash in the Dow Jones

this afternoon, the local market quickly left optimism about the placement of Treasury debt behind and was dragged by the collapse in New York, a sign of concern about the new wave of Covid contagions in the world.

Even so, financial dollars registered a slight decline after the issuance of dollar-linked debt by Economía.

The Buenos Aires stock market fell 4.8%

, with reds up 7.5%, while the country risk rose 1.8% to 1,485 points, reflecting the poor performance of Argentine bonds on Wall Street.

Argentine stocks also suffered the blow in the New York market, with Edenor in the lead, with a

7% collapse,

followed by YPF, with a 6% loss.

Financial dollars, however, were unzipping a bit.

The MEP dollar -which allows dollarization via bonds on the Stock Exchange- fell 0.8% to $ 151.8 while the cash with liquidation -which also involves the transfer of foreign currency abroad- fell 1.7% to $ 159, 8.

NE

Look also

The blue dollar falls for the third day in a row and is trading below $ 180

Mercado Pago reported that it will no longer be free to transfer money between accounts

Source: clarin

All business articles on 2020-10-28

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