RIO DE JANEIRO, BRAZIL - Global markets sneeze and Argentina gets the flu. This Monday, July 19, world stock markets fell about 2% under the negative influence of the advance of the Delta variant of the coronavirus. What is registered as merely negative data in the world begins to be dramatic in Argentine stocks: in ADRs listed in New York, the losses are almost 10%.
On Wall Street, the most penalized paper among Argentine securities is Cresud, down 9.2%. All national stocks are down: banks show losses between 2 and 4%, YPF falls 3.4% and Irsa falls 5%. Even . . .
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