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Argentine Stocks Plunge as Oversight Tightens on Parallel Market

Argentine stocks fell the most in the world amid speculation the government is pressuring traders to stop buying local shares to sell abroad for dollars, a practice used to skirt currency controls.

Argentina’s benchmark Merval stock index lost 5.5 percent as of 2:52 p.m. in Buenos Aires, the most among 93 country stock indexes tracked by Bloomberg. The gauge has fallen 19 percent this month, also the most in the world.