Milei Scores Major Election Win In Argentina
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Milei’s libertarian party defied poll predictions, tripling its congressional seats to advance free-market reforms.
Argentine stocks rose sharply Monday following a stronger than expected result from President Javier Milei’s La Libertad Avanza party in legislative elections Sunday. The Global X MSCI Argentina ETF rose 17% in before-hours trading.
Karina Milei managed to make the purple party the only one running in all 24 electoral districts, even at the cost of arm-wrestling with allies and governors. The dispersion of Peronism has sent alarm-bells ringing – election night will open up a combat over the vote count.