Shares of Argentine companies listed in New York retreated on Friday, erasing earlier gains as investors reassessed risk amid a sharp escalation in tensions between the United States and Iran.
The sell-off was led by Mercado Libre, which fell 2.3%, while broader country risk indicators widened in response to the geopolitical shock.
The move marks a reversal from a strong start to the week for Argentine assets on Wall Street, as the focus shifted from domestic fundamentals to global risk appetite.
The decline follows reports that the United States launched military strikes against targets in Iran over the weekend, a development that has triggered volatility across global markets.
US equity markets are expected to open lower on Monday as traders digest the implications of the conflict, which has stalled ongoing peace negotiations.
The repricing of Argentine assets reflects the sensitivity of emerging market equities to sudden spikes in geopolitical uncertainty, particularly when linked to major powers.