Shares of Argentine companies fall almost 27% on Wall Street

The company most hit was Despegar, dedicated to the sale of air tickets and tourist packages, with a drop of 269% on the day and 57.3% on the month. Given the fall in agricultural commodity prices, the company Cresud, Argentina’s leading producer of essential farm goods with a growing presence in Brazil, was also hit with a 13.1% drop. In third place was Ternium with a fall of 9.4%, while the only stock with a rise was Mercado Libre, with an advance of 1.1%.

Source: Ámbito