LONDON – It's not just Argentine fans who woke up depressed following their nation's 1-0 defeat to Germany in the World Cup final. Traders in Buenos Aires are also seemingly feeling blue.
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Argentina's main Merval index is down 0.3 percent in lunchtime trading Monday after the team succumbed to a late goal Sunday from German striker Mario Goetze in Rio de Janeiro.
That may not sound too bad, but when compared with other indexes in the region — and the world — Argentine shares are clearly underperforming. In contrast, Germany's DAX closed 1.2 percent higher — the biggest gain Monday among the major European indexes.
Some studies, particularly during the World Cup, have shown that losing a final can depress the mood of traders and cause a country's stock market to underperform.