Colombia Stock Market Drops Over 3.5% Monday as Currency Strengthens

Colombia's stock market declined more than 3.5% on Monday, with major equities under pressure. State oil company Ecopetrol's ADRs fell 4.5%, while financial group Grupo Aval dropped 7%. The Colombian peso strengthened to below 3,400 per U.S. dollar, marking a multi-year high. Government bond prices rose modestly, with yields declining.
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