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Saturday, October 30, 2010

Stock market hits record high after former Argentinian president dies of 'heart attack'...

Argentina Bonds Surge, Stocks Hit Record After Kirchner Death
OCTOBER 28, 2010, 5:20 P.M. ET.

BUENOS AIRES (Dow Jones)--Argentine bonds posted big gains and stocks hit a new record high Thursday as markets anticipated a more business-friendly environment following the death of former president Nestor Kirchner.

While presidents from across the region and supporters filed past Kirchner's coffin to pay their last respects, Argentina's Merval Index of leading shares topped a new record, rising 1.17% to 2954.86 points.
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