In that framework, the S&P Merval index fell 3.4% to 138,148.26 units, after scoring a historical maximum level of 150,971.41 units a week ago. This market drags a loss of 7.58% in two rounds in a row.
Among the shares that fell the most, those of Sociedad Comercial del Plata (-6.4%) stand out; Central Puerto (-5.9%) and Telecom (-5.8%).
The drop comes after the Fed raised interest rates by 0.75 percentage points on Wednesday, the third consecutive hike of this magnitude, and Fed Chairman Jerome Powell said he was determined to continue monetary tightening to counter inflation.
The decision led to rate hikes from the Bank of England, among other central banks, on Thursday, boosting the chances of a global recession.
Black Friday led by the collapse in commodity prices dragged down Wall Street and the European stock markets, in tune with the depreciation of the euro and the pound to record lows against the dollar.
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars They operate with a majority of losses, affected by profit taking in the face of renewed risk aversion. The biggest setbacks are led by the Bonar 2038 (-4.5%), Global 2035 (-4%) and Bonar 2041 (-3.6%).
Thus, the country risk measured by the JP Morgan bank rose 2.9%, or 73 units, to 2,596 basis points.
Source: Ambito
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