Around the World's Markets: Buenos Aires

Tuesday 13 July 1999 23:02 BST

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ARGENTINE SHARES staged a recovery after falling 9 per cent on Monday over growing fears the country would default on its debt and spark a second Latin American crisis.

The MerVal index was up 1.92 per cent at 462.58 points by mid-morning after opening off 0.43 per cent in early trading. The bourse has closed lower for the past three days, shaken by increasing political turmoil that culminated in presidential candidate Eduardo Duhalde's call for renegotiation of Argentina's debt.

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