Argentina's MerVal stock index <.MERV> reversed losses and rose 5.1 pct on Tuesday on increased optimism about last-minute debt talks in New York aimed at avoiding an Argentine default, traders said.
Argentine negotiators were expected to hold further talks with a mediator on Tuesday. Meanwhile, holders of Argentina's euro-denominated exchange bonds urged a U.S. judge to issue a last-minute stay on his debt ruling that risks toppling the country into default on Thursday.
Continue Reading Below
(Reporting by Jorge Otaola; Writing by Sarah Marsh; Editing by Richard Lough and Diane Craft)