Source link : https://www.mondialnews.com/2025/09/08/argentina-markets-tumble-after-mileis-stunning-defeat-in-buenos-aires-election/
Argentina’s financial markets experienced a sharp downturn following the unexpected defeat of Javier Milei in the Buenos Aires local elections, according to a report by Reuters published on Investing.com. Milei, a libertarian economist whose rise had generated significant investor enthusiasm, was seen as a potential catalyst for radical economic reforms. His loss has introduced new uncertainty into the country’s political and economic landscape, prompting immediate reactions across stock and currency markets. This development raises questions about the future trajectory of Argentina’s economic policies amid ongoing challenges.
Argentina Markets React Sharply to Milei’s Buenos Aires Vote Defeat
The recent Buenos Aires election loss for Javier Milei delivered a noticeable shock to financial markets across Argentina. Following early vote counts indicating Milei’s defeat, the Buenos Aires Stock Exchange experienced a sharp downturn, with the benchmark Merval index plunging by over 4% during midday trading. Investor sentiment shifted rapidly as market participants reassessed the political landscape, fearing increased uncertainty and a potential rollback of Milei’s libertarian economic promises. The Peso also suffered, depreciating against the U.S. dollar by nearly 1.8% in early trading hours.
Market analysts highlighted several key reactions to the election outcome:
- Equity sell-off: Technology and financial stocks saw the largest declines as risk aversion…
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Author : Jackson Lee
Publish date : 2025-09-08 18:53:00
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