Argentina’s Merval Index Surges Most Since 2023 After Milei Win

Argentina’s Merval stock index jumps as much as 23% in Buenos Aires on Monday — its biggest intraday jump since November 2023 — after President Javier Milei’s party victory in midterm elections on Sunday.

• The win will give the libertarian leader a strong foothold in Congress to continue pursuing aggressive free-market policies
• NOTE: Milei’s Party Wins Argentina Midterm Vote in Major Comeback
• Stocks across the board rally, with financials leading gains
  • BBAR gains 27%, BMA rises 26%, GGAL jumps 25%
  • YPF rises 19%, Loma Negra Cia Industrial Argentina SA up 14%
• Global X MSCI Argentina ETF jumps as much ...