Argentine Stocks Are Soaring To Start The Week: What's Going On?

Benzinga_recent_news10-27

Shares of Argentine stocks across various industries are rising Monday following results from a key midterm election in the Latin American country. What To Know: Argentine stocks are rising after ...

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Milei had the support of U.S. President Donald Trump, who said in the weeks prior to the election, that a $40 billion package to Argentina was highly dependent on the results.\nThe S&P Merval Index, a key index of the Buenos Aires Stock Exchange that includes sectors like energy, financial services and telecommunications, was up more than 1% at the time of writing, according to Benzinga Pro.\nThe Argentine peso jumped 10% following the election. Shares of Grupo Financiero Galicia SA (NASDAQ:GGAL), YPF SA (NASDAQ:YPF) and MercadoLibre Inc (NASDAQ:MELI) were all trading significantly higher at last check.\nPrice Action: At the time of publication, Grupo Financiero stock was up 39% at $49.35, YPF SA stock was up 27% at $34.48 and MercadoLibre stock was up 6% at $2291.62, according to Benzinga Pro.\nRead More:\nImage: Shutterstock.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2578762500","isCrawlerRequest":true}