Argentina's country risks a skyrocketing of nearly 8% and crosses the bar of 900 points

In this text, the main Argentine bonds fell to more than 3%, led by dollarized issues.

The 100-year bond has lost 3.4%; the pair under New York law reported 3.3%; Argentina 2027, 3.2%; Bonar 2037, 2.6%; the discount, 2.2%; Bonar 2024, 1.6%; and the 2020 Bonar, 1.4%.

The situation occurred after China will devalue its currency, the yuan, to 7.30 units per dollar in full trade war with the United States and thus reaching the lowest level since 2010.

The value of the Chinese currency fell on Monday against the dollar, fueling speculation on a measure premeditated by Beijing to promote its exports in full trade war with United States. The head of the Chinese central bank said that the decision was not defended and motivated the decision.

This symbolic threshold of seven yuan to one dollar has not been reached for nine years. The differential is at such disparate levels just four days after the latest threats of US sanctions against Chinese products.

S & P Merval

The Buenos Aires Stock Exchange tumbled Monday, albeit moderately, against the landslides recorded on Wall Street because of the risk aversion caused by the trade tensions between the United States and China.

They are in a setting of caution before the STEP primary elections to be held this Sunday, the main stock index S & P Merval fell 1.6%at 40,683 units, led by the negative trend of energy stocks, after registering a drop of 1.42% last week.

The actions of Edenor leads the losses with a Decrease of 6.4%. Meanwhile, the roles of Pampa Energía and Telecom sold 2.7%; while those of Grupo Financiero Valores decreased by 2.6%.

Wall Street suffered serious falls Monday, penalized by the US-China tensions and the sinking of the yuan against the dollar.

The Dow Jones Industrial Average depreciated by 2.5%, the Nasdaq lost 3% and the S & P 500 was down 2.5%.

At the local level, investment uncertainty due to PAHO's outcome conditioned the volume of equity transactions, which did not exceed $ 350 million at approximately 15 hours.

"The political uncertainty is clearly visible in the movement of local badet returns, and only five wheels of the PASS, this is further exacerbated," said the consulting firm Economy & Regions.

"The countdown to OSP and the complications of the external scenario – because of China's reaction – will make sure the next wheels may not be aimed at an investor," said Matías Roig, director from Personal Inversiones Portfolio.

Argentinean shares on Wall Street

The shares of Argentine companies listed on the New York Stock Exchange dropped to more than 6%, in the middle of a complex international financial climate due to the devaluation of the Chinese yuan.

The papers of Free market they lost 6.5%; of the Loma Negra, 6.3%; of the Edenor, 6.1%.

In addition, the actions of Pampa Energía yielded 4.8%; those of the group Supervielle decreased by 4.3%; and those of the French bank, 4%.

So, after weeks of stability, a black Monday for ADR (English acronym of American Depositary Receipt), physical securities justifying the deposit in a US bank of shares of companies whose companies were incorporated outside of that country.