‘Amazon of Argentina’ Stock Plunges as Fernandez Win Shocks Market

"Amazon of Argentina" MercadoLibre stock plunges after Alberto Fernandez wins primary

Argentine markets suffered what can only be characterized as a bloodbath on Monday, subjecting the peso, bonds, and local stocks to brutal declines. The reckoning spread beyond the shellshocked country’s borders, and one Nasdaq-listed firm dubbed the “Amazon of Latin America” suffered a merciless correction. Populist Alberto Fernandez Creams Mauricio Macri in Argentine Primaries Argentina’s … Read more