That may not sound too bad, but when compared with other indexes in the region — and the world — Argentine shares were clearly underperforming.
In a sharp contrast to the Merval's performance,
The stock market responses were widely anticipated.
"Over the course of the World Cup, there have been 39 losses by countries with an active stock market," he said. "In two-thirds of these cases, the national market has underperformed the world market on the next day."
In a report prior to the World Cup, the bank found that since 1974, most nations who lose in the final underperform for a month as traders suffer "a post-final bout of the blues."
Overall, it found that the victorious country's stocks outperform the global market by 3.5 percent in the following month. Seven of the nine losing finalists, on the other hand, underperformed by 1.4 percent.
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