Argentine stocks fall on oil losses, S&P downgrade

lunes 11 de agosto de 2008 17:15 ART

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)