Argentina's stock market is tanking after the country last night said it would voluntarily default on $1.3 billion worth of debt owed to a group of hedge funds. Just after noon in New York, the Merval was down more than 7%. Today's plunge in the Merval follows a big run up this week ahead of Argentina's Wednesday deadline. Argentina's default marks the second time in the last 13 years that the country has defaulted on its debt. Markets around the world also fell today, with U.S. stocks current...
Argentina's stock market is tanking after the country last night said it would voluntarily default on $1.3 billion worth of debt owed to a group of hedge funds. Just after noon in New York, the Merval was down more than 7%. Today's plunge in the Merval follows a big run up this week ahead of Argentina's Wednesday deadline. Argentina's default marks the second time in the last 13 years that the country has defaulted on its debt. Markets around the world also fell today, with U.S. stocks current...
Share this Article
Comment on this Article
Recommended
Please to comment