Tag: Merval Index
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Argentina’s Stock Market Plummets Following Milei’s Loss
Argentina’s Stock Market Reaction The Argentine stock market, represented by the Merval index, experienced a sharp decline of 12% on Monday, October 8th. This significant drop came on the heels of President Javier Milei’s electoral loss in Buenos Aires. Although analysts had anticipated a potential setback for Milei, the extent of the market’s reaction surpassed…
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Argentina’s Merval Index Plummets After Milei’s Election Defeat
Argentina’s Financial Landscape Shaken by Election Results On October 8, 2023, Argentina experienced a significant shock in its financial sector as the Merval index, the country’s primary stock market indicator, plummeted by 12%. This sharp decline followed the defeat of President Javier Milei’s party in the crucial elections for the province of Buenos Aires. Market…