© Archyde.com/AGUSTIN MARCARIAN
Facade of the Buenos Aires Stock Exchange
BUENOS AIRES, April 5 (Archyde.com) – Argentina’s stock market rose on Tuesday at the open, continuing a streak as a hedge against firm inflation and after the endorsement of the International Monetary Fund (IMF) for a millionaire debt rescheduling sovereign
The leading S&P Merval index gained 0.9% to 94,047.84 points at 11:05 a.m. local time (1405 GMT), against a 3.6% advance in the previous four rounds.
Purchases continued to be led by shares in the energy sector, while Argentina negotiates with its neighbors Chile and Brazil the supply of gas for the southern winter.
For their part, the main Wall Street indices opened lower given the prospect of new sanctions on Russia, a geopolitical issue that keeps investors on edge.
(Reporting by Jorge Otaola; Editing by Lucila Sigal)