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An exchange-traded fund tracking Argentine stocks declined on Tuesday as the country’s president, Javier Milei, faced impeachment calls after promoting a little-known cryptocurrency called libra that soared in value and then plunged. However, the negative impact on Argentine risk assets is likely to be limited to the short term, according to BCA Research.
The Global X MSCI Argentina exchange-traded fund
ARGT, which tracks Argentine stocks, ended 0.6% lower on Tuesday but off session lows at $84.98, according to FactSet.
This post was originally published on Market Watch
