Javier Milei‘s unexpected landslide in Argentina's midterm elections is electrifying the country’s assets, with stocks and bonds surging in a show of confidence rarely seen among emerging market investors.
The Global X MSCI Argentina ETF (NYSE:ARGT), the only U.S.-listed ETF focused solely on Argentine equities, rallied over 18% Monday morning, on track for its largest daily gain ever. At the same time, dollar-denominated Argentine bonds jumped 10 to 15 cents, reflecting a sharp compression in political risk after the vote.
