August 7, 2018 / 7:40 PM / 2 months ago

Argentine stocks tumble as graft probe widens

BUENOS AIRES, Aug 7 (Reuters) - Argentine stocks plunged on Tuesday, with banks and energy companies leading losses, as investor concerns grew that a corruption probe that began with more than a dozen arrests last week could touch more companies.

Argentina’s Merval stock index was down 3.4 percent as of 4:38 p.m. local time (1938 GMT) after earlier falling 3.5 percent. (Reporting by Jorge Otaola and Walter Bianchi Writing by Luc Cohen Editing by Jonathan Oatis)

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