Wednesday, October 1, 2014

Buenos Aires shares plunge 8,2%

Buenos Aires shares today fell 8.2 percent to 11.516,28 units following the news that the Central Bank chief Juan Carlos Fábrega had resigned. The Merval benchmark stock index has risen 132 percent so far this year.

Fábrega's resignation took place after President Cristina Fernández de Kirchner blasted stock market entities and local banks for the exit of dollars while speculating with its price.

BA stock market felt Wall Street’s decline, as US stocks were down more than 1 percent today as the first diagnosis of Ebola in a patient in the United States spooked investors and put pressure on airliners and other transportation companies.