Argentina’s black market peso slides after Milei win; local equities soar

November 21, 2023

Summary

Companies Argentina domestic markets re-open after Monday bank holiday

International bonds, US-listed stocks surged in post election rally

U.S.-premarket indications point to more equities gains

LONDON/BUENOS AIRES, Nov 21 (Reuters) – Argentina’s black market peso slid nearly 10% on Tuesday to over 1,000 per dollar after a libertarian who favors dollarization won the country’s presidential election, while stocks and bonds jumped on hopes of tighter economic policy.…

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