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BUENOS AIRES, Aug 11 (Reuters) - Argentine stocks closed down 3.8 percent on Monday, dragged down by energy-related shares tracking crude oil prices and taking a further hit when Standard & Poor's cut the country's sovereign debt ratings.
The benchmark MerVal index .MERV closed at 1,708.95 points -- its lowest level since October 2006. (Reporting by Helen Popper; Editing by Dan Grebler)