After Monday’s crash, markets were still in the red: Merval barely improved 0.2%

World stock markets failed to recover after the crash they recorded on Monday. On Wall Street, although major indices showed a slight improvement at the start of Tuesday’s session, after noon they returned for red surgeryexcept for the technological Nasdaq which is improving 0.4%.

In this context, Wall Street -listed Argentine stocks show mixed results. The role of Mercado Libre, which sank by almost 17% in the previous one, it bounced only 1%. Meanwhile, Telecom’s ADR led losses for local companies, down 3%.

Among the Argentine companies listed abroad, the Mercado Libre part is the most affected, with its worst collapse in the past 13 years.

“The fears about the future of e-commerce They affected all the companies that benefited during the pandemic, but now cannot recover after that. momentumCohen’s analysts explained.

“This happens after the company showed solid business results in the first quarter of the year, with expectations of generating more than 14,000 new jobs. Like Amazon, Mercado Libre is heavily impacted by the current context, and It’s down 42% so far this year “they added.

Meanwhile, consulting firm Delphos explained: “The collapse of technological innovation actions that began in October last year has accelerated again in recent rounds, falling 18% last week, leading the way. accumulated for the year in 56.5% fall “.

“In the last rounds, we noticed that the process entered the phase of compulsory or forced sales due to liquidation of funds and massive withdrawal of money from them,” they added.

In the local market, the Merval index is up 0.2%. So far this month, the value of shares listed on the Buenos Aires stock market fell nearly 7% measured in dollars.

Meanwhile, dollar bonds were mixed and the country’s risk improved 0.2% to reach 1,843 units.

In the foreign exchange market, the blue dollar traded at values ​​on Monday, at $ 202, while the MEP dollar rose to $ 206.

NE