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Sensex sinks again; rupee at record low

October 23, 2008

Argentina stocks sink

Argentine stocks plunged more than 10 per cent as police raided the offices of the 10 private pension funds the government plans to nationalise.

The Buenos Aires bourse's main index closed down 10.1 per cent to 940.82 points on Wednesday, adding to 11 per cent losses on Tuesday. Stocks in Spain with close business ties to Argentina, also plummeted.

Image: A stock trader arriving at the Buenos Aires Stock Exchange. | Photograph: Juan Mabromata/AFP/Getty Images

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