ARGENTINE STOCKS CRASH
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Argentina's stock market is tanking after the country last night said it would voluntarily default on $1.3 billion worth of debt owed to a group of hedge funds.
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Shortly after opening for trade, the Merval index was down 8.5%.
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Today's plunge in the Merval follows a big run up this week ahead of Argentina's Wednesday deadline.
Argentina's default marks the second time in the last 13 years that the country has defaulted on its debt.
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Markets around the world also fell today, with U.S. stocks currently deep in the red on the final trading day of the month.
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