business

The collapse of Wall Street devastated everything

The collapse of Wall Street devastated everything

The local market fell sharply on Wednesday due to the collapse of Wall Street, the indicators of which have seen the greatest contraction since February last year as a result of the collection of US government bonds.

The fall of the Dow Jones (-3.1%), the Nasdaq (-4.4%) and the S & P 500 (-3.2%), the main indices of the New York Stock Exchange, led to a black day for the financial sector, where the Buenos Aires stock exchange lost 3.6% and the ADR of the Argentine companies even lost 6.6%.

It was a real rush of investors to lose risk positions compared to an American 10-year bond with an interest rate of 3.17%, the highest since 2011.

The Merval screens were painted red and the largest contractions were recorded by Metrogas (-7.9%), Banco Francés (-7.2%), Transportadora Gas del Norte (-6.8%) Banco Supervielle (-6, 1%) and Banco Galicia (-6.1%), among others.

In so many, the actions of the companies (ADR) recorded generalized falls and led the trend: French Bank lost 6.3%; Grupo Galicia, 6.5%; Banco Macro, 6.6%; and Banco Supervielle, 6.2 percent.

WALL STREET. International reserves ended at US $ 48.760 million. (AP)

WALL STREET. International reserves ended at US $ 48.760 million. (AP)

Hacienda has submitted an application for $ 27,610 million

On Wednesday, the Ministry of Finance awarded $ 26.956 million in capital letters (Lecap) and $ 654 million in treasury bills (Letes) in dollars.

Lecap in pesos offered a residual maturity of 139 days and a nominal rate of 59.34 percent.

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