Financial day: country risk approached 580 points and Argentine stocks fell again

On September 24, financial markets in Argentina experienced a downturn, characterized by a decline in the S&P Merval index and an increase in country risk, which neared 580 points. The S&P Merval index of leading companies fell by 1%, closing at 2,939,964.25 units, while the general S&P BYMA index retreated by 0.81%.

This negative performance was attributed to broader international market trends, including a sell-off of United States government bonds and rising oil prices. These external pressures, combined with unfavorable macroeconomic data, negatively impacted the valuation of Argentine financial assets during the session.