Argentina stocks plummet 8.0 percent a day after cabinet reshuffle

Buenos Aires (AFP) – The Buenos Aires stock exchange plummeted more than 8.0 percent Monday, pulled down by sharp declines in energy and bank shares after the energy minister was forced out in a cabinet reshuffle.

The Merval Index dropped 8.33 percent to 27,636 points, after President Mauricio Macri fired Energy Minister Juan Jose Aranguren and Production Minister Francisco Cabrera in a surprise move over the weekend.