Reported about 18 hours ago
Argentina's financial markets plunged after President Javier Milei's party faced a significant defeat in Buenos Aires elections, raising fears about the government's ability to pursue economic reforms. The peso dropped nearly 6% against the dollar, and the stock index fell 13%. This political setback follows a recent corruption scandal, leading analysts to speculate on potential impacts on Milei's administration and upcoming national midterm elections.
Source: YAHOO