© Archyde.com/AGUSTIN MARCARIAN
Facade of the Buenos Aires Stock Exchange. Argentina
BUENOS AIRES, March 15 (Archyde.com) – The Argentine stock market fell again on Tuesday in its first trades due to renewed sales as a result of the political intrigues generated by the disputes in Congress to endorse the government’s agreement with the IMF to refinance a large sovereign debt.
The leading S&P Merval index lost 0.88% to 84,204.62 points at 11:05 a.m. local time (1405 GMT), against a sharp drop of 4.54% on Monday.
Argentine senators discuss in committee the project with half sanction of Deputies by which Argentina reschedules a longer-term loan of some 45,000 million dollars with the multilateral credit organization.
The financial market, meanwhile, was closely following the geopolitical implications produced by the Russian invasion of Ukraine, while the collapse of oil prices also affected business in general, operators said.
(Reporting by Jorge Otaola; Editing by Walter Bianchi)