Among the ADRs that fell the most were those of Mercado Libre (-7.9%), followed by Ternium (-6.5%) and Tenaris (-5.8%).
External markets fell sharply, affected by corporate results, in the face of a collapse in the profits of the big banks, and persistent fears of a global recession with higher rates still due to inflationary pressure.
Meanwhile, the leading stock index S&P Merval lost 2.5%, to 137,290.74 pointsagainst selective profit-taking after the improvement of 3.2% in the previous session.
The board of the monetary authority left the interest rate unchanged at 75% per year faced with the prospect of a slowdown in inflation, after failing to reach a unanimous opinion on the possibility of increasing it, two sources with knowledge of the matter told Reuters.
Economy Minister Sergio Massa From Washington he acknowledged the drop in the CPI, without being satisfied because he has a tough task ahead of him to attack this scourge that expels investment activities.
The Brazilian state oil company Petroleo Brasileiro said it has put up for sale its Argentine subsidiary Petrobras Operación, in which the Argentine companies YPF and Pampa Energía are partners.
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars fell to 3.1% thanks to the Global 2030. Behind them were the Bonar 2030 (-2.6%) and the Bonar 2029 (-2.5%).
For his part, the country risk rose 33 units, to 2,827 basis points.
Source: Ambito
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