Business

Mercado Libre loses $5.25bn in Wall Street hit by the coronavirus

Mercado Libre stock market price fell 6.45% on Tuesday in the New York Stock Exchange, affected by a wave of global sales due to fears of the spread of the coronavirus. The collapse of the $MELI paper brought the stock price to $31.3 billion, down from the $ 36.5 billion two days ago. The fall means all the accumulated profit in February and a loss of 5% in the month, while the annual advance is 10.6%. Despite this, Mercado Libre remains the Argentine company with the highest market capitalisation followed by Telecom, Ternium and YPF.

Source: BAE Negocios