Wall Street: Argentine shares declined after the depreciation of the dollar


Argentina, January 23, 2013

This Thursday, Argentine stocks listed on Wall Street suffered a decline proportional to the devaluation of the dollar in relation to official Argentine peso. Another factor was the uncertainty about the future of the dollar.

Investors sold off shares and lower its price a 15%, amid a historical devaluation of the Argentine currency.

The greatest loss was recorded by YPF ADR, which plummeted 15.1% to, after falling 9.1% on Wednesday or the New York Stock Exchange, and has accumulated a 26.9% slump in year.

The second went to Pampa Energy (-13.4%), followed by Southern Gas Conveyor (-12.3%) and Banco Macro (-10.7%).

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