Shares of Argentine companies listed on US exchanges fell sharply on Friday, with some names dropping by as much as 10%.
The steep decline followed a day of broad-based selling in New York, led by technology stocks, and coincided with a spike in oil prices that heightened investor risk aversion globally.
8% lower. The synchronized drop across local and US-listed assets underscores the sensitivity of Argentine equities to external market sentiment and geopolitical shocks.
The domestic S&P Merval index also retreated, closing 1.8% lower.
The synchronized drop across local and US-listed assets underscores the sensitivity of Argentine equities to external market sentiment and geopolitical shocks.
Investors appear to be reassessing risk exposure amid escalating tensions between the United States and Iran, which have pushed energy prices higher and dampened appetite for emerging-market assets.
This marks a continuation of the selling pressure that began earlier in the week.