Argentina Markets Drop Amid Milei's Election Defeat

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Source: Reuters
Argentina Markets Drop Amid Milei's Election Defeat
Photo: Reuters
TL;DR Summary

Argentina's markets plummeted following a significant electoral defeat for President Javier Milei's party in Buenos Aires, with the peso dropping nearly 6% and stocks falling sharply, raising concerns about the government's ability to push through economic reforms amid political and corruption scandals.

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