Argentine ADRs rally up to 8% in Wall Street session as US equities rebound

Argentine equities traded on US exchanges posted sharp gains on Thursday, with some American Depositary Receipts (ADRs) climbing as much as 8%.

The rally was driven by a broad recovery in US equity markets, where technology shares led the advance.

2%, reflecting the positive sentiment spilling over from Wall Street.

The S&P Merval index in Buenos Aires also advanced 2.2%, reflecting the positive sentiment spilling over from Wall Street.

Despite the equity strength, Argentine sovereign bonds faced selling pressure.

The JP Morgan Emerging Market Bond Index for Argentina declined, weighed down by rising yields on US Treasury debt.

The divergence highlights the continued sensitivity of local fixed-income assets to global rate movements, even as risk appetite improves for equities.