The Traderszone Network

Published in TZ Latest News 15 December, 2014 by The TZ Newswire Staff

MercadoLibre Unfazed As Argentina’s Merval Unravels

Argentina’s stocks continued to unwind Monday as the Buenos Aires Stock Exchange’s benchmark Merval index swooned 5.7%, an aftershock to last week’s 13.7% slide. The market whipped up a lighter-than-air rally, rising 134% through September. On Monday, it traded 38% below that peak, down 22% from its recent high in November and with its year-to-date gain trimmed to a still-startling 45%.

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