Banco Macro is trading 4.08% down now at $75.61 amid broad pressure on Argentine financial stocks.
- Banco Macro and Grupo Galicia led the Merval’s decline, with financial shares taking the heaviest hit.
- Banco Macro was reportedly down 3.8% on $2 million in turnover.
- Global risk aversion, higher Treasury yields, geopolitical uncertainty, and rising oil prices are weighing on markets.