Thursday, May 10, 2007

Argentine Stocks Fall, Led by Tenaris and Galicia: World's Biggest Mover

(Bloomberg) -- Argentine stocks fell the most in almost four weeks, led by banks and energy companies, as investors shed equities worldwide on concern that slower U.S. growth will curtail profits.

Argentina's Merval index fell 54.93, or 2.6 percent, to 2100.33 at 1:49 p.m. New York time, the steepest drop since March 13 and the biggest move among markets included in global benchmarks. Brazil's Bovespa index fell 1,070.07, or 2.1 percent, to 50,230.32


Read more at Bloomberg Stocks News

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