Argentina defaulted on its debt for the second time in twelve years after last ditch negotiations with creditors failed to secure a deal to save the embattled country’s finances.
Latin America’s third largest economy could face additional trouble in the future if creditors force an accelerated time table for repayment of their bonds.
This news hit the Global X FTSE Argentina 20 ETF (NYSE: ARGT) hard on Thursday as the fund fell more than five percent in early trading. Trading volume on ARGT also spiked above the 90-day average as well.
This ETF represents the 20 largest and most liquid companies that participate directly in the Argentine ...
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