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ADRs: almost all Argentine shares fall on Wall Street, but one rises up to 12%

ADRs: almost all Argentine shares fall on Wall Street, but one rises up to 12%

However, Wall Street does operate and Argentine stocks and bonds are listed on Wall Street, where one company in particular is having outstanding results on the day.

This is while the international markets operate awaiting definitions regarding the debt ceiling of the United States. World stock markets are now focused on the US struggle and declines in Asia were followed by early declines in London, Paris and Frankfurt, where some internal problems resurfaced.

On the other hand, the largest European economy, Germany entered recession. Updated German GDP figures showed the euro zone powerhouse slipped into recession in the early months of the year, while UK bond markets remain reeling from Wednesday’s inflation shock.

Argentine stocks on Wall Street

In that context, the Argentine shares listed on Wall Street fall mostly up to 2.83%. These decreases are led by Mercado Libre, followed by Supervielle (-2.73%), Central Puerto (-2.51%) and Cresud (-2.43%).

While only the share of Despegar.com rises, which attracts attention because it climbs 11.88%. Take, so the post that I had left this Wednesday bioceresthe Argentine action that had climbed 6% in the previous day on Wall Street, although today it is operating with a slight drop (-0.21%).

Source: Ambito

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