The fall of Mercado Libre happens in tune with the collapse of the Nasdaq technology index on Wall Street, which fell 3.74%. Shares of Meta Platforms, the parent of Facebook, sank more than 26% after reporting disappointing forecasts that triggered a wave of losses in other stocks such as Twitter, Pinterest and Snapchat.
For its part, the S&P Merval extended Wednesday’s downward path and lost 1.8% to 88,091.28 after falling 1.9% in the previous session.
In the leading panel, the greatest decreases were led by the papers of YPF (-4.4%), Central Puerto (-3.8%) and Grupo Financiero Galicia (-2.7%). And on the other hand, the rises of Edenor (+4%), Cablevisión (+3.1%) and Cresud (+0.9%) stood out.
Argentine bonds closed with most losses yesterday, in a reduced and selective business market, while the country risk rose 1.85% to 1,758 basis points.
In the fixed income segment, sovereign bonds in dollars lost up to 2.5% led by the Bonar 2030.
The Bonar 2029 (-2.2%), and the Global 2035 (-1.9%) also fell. However, the rise in the Global 2046 bond (+4.3%) stood out.