The Associated Press, citing an analysis from Alex Edmans, a professor at the London Business School and the Wharton School of the University of Pennsylvania, reported that stock markets in losing nations in the football world cup have generally underperformed after their defeats.

"Over the course of the World Cup, there have been 39 losses by countries with an active stock market," Edmans said.

"In two-thirds of these cases, the national market has underperformed the world market on the next day."

Argentine shares are expected to suffer from the nation's depressed mood for a while, according to investment bank Goldman Sachs.

Since 1974, most nations that lose in the final underperform for a month as traders suffer "a post-final bout of the blues", the bank said in a pre-World Cup report.

While the victorious countries' stocks outperformed the global market by 3.5% in the following month, seven of the nine losing finalists underperformed the global market by 1.4%, according to Goldman Sachs.