ARGT is trading at $80.89, down 7.11%, as Lula da Silva’s surprise reelection over investor-favored Flávio Bolsonaro repriced Brazilian assets and pressured Latin American markets.
- Argentine ADRs also fell in premarket trading, with YPF, Galicia, and Banco Macro among the decliners; Argentina’s country risk was already elevated near 707 basis points.
- Regional contagion is the clearest explanation for ARGT’s drop; broad U.S. indices were modestly higher, pointing to an Argentina/LatAm-specific move.