Argentine markets plunge after Milei’s party loses in Buenos Aires vote | Financial Markets News

Argentina’s markets plummeted following a significant electoral defeat for President Javier Milei’s party against the Peronist opposition, raising concerns about the government’s economic reform agenda. The peso fell nearly 5% to a historic low, the stock index dropped 10.5%, and international bonds experienced steep declines, with analysts predicting further instability ahead of the crucial midterm elections on October 26.

Want More Context? 🔎