Argentine stocks suffer biggest drop in 10 years

miércoles 15 de octubre de 2008 17:13 ART

BUENOS AIRES Oct 15 (Reuters) - Argentine stocks plunged on Wednesday to close down 12.14 percent, suffering their biggest one-day drop in 10 years in percentage terms after poor U.S. economic data fanned fears of a global recession.

The MerVal index of leading shares .MERV ended at 1,185.73 points, its lowest level since November 2004. (Reporting by Jorge Otaola and Hilary Burke)