Argentine Stocks Fall, Country Risk Rises as Wall Street Hits New Record
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Argentine stocks fell and country risk rose on Tuesday, while US stocks reached new record highs. Tech stocks led gains on Wall Street, with the Dow Jones and S&P 500 both hitting historic highs. Oil prices plunged more than 5% due to hopes of a diplomatic solution in the Middle East, impacting energy flow through the Strait of Hormuz. Key Argentine stocks like Banco Francés, Transportadora Gas del Sur, Edenor, and Banco Supervielle declined. The S&P Merval index fell 2.6% in pesos, and JP Morgan's country risk for Argentina rose to 421 basis points.
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