BUENOS AIRES, Sep 8 (Reuters) – The Argentine stock market moved lower on Tuesday, in its first deals, in line with its foreign peers and with the attention of traders in the sovereign bond market after the successful exchange of the National government.
The S&P Merval index of the Buenos Aires Stock Exchange lost 2.85%, to 44,389.3 units, at 11:10 local time (1410 GMT), after gaining 1.37% the day before, when the US market was closed for a holiday.
Argentina managed to restructure foreign debt for about 65,000 million dollars and securities under local legislation for another 41,000 million dollars.
“When the new bonds begin to trade (with liquidity) in the international markets, the new Argentine ‘country risk’ will be seen and in case the measurement compresses, the Argentine shares – which were so punished in recent times – could see an improvement in their prices, “said Joaquín Candia, an analyst at Rava Bursátil.
Meanwhile, US President Donald Trump has again raised the idea of separating the economies of the United States and China, suggesting that his country would not lose money if it stops doing business with the Asian giant.
(Reporting by Jorge Otaola ,; Edited by Eliana Raszewski)