Argentinian stock market skyrockets after election of far-right populist Milei as president | Abroad

On Monday, the Argentine stock exchange remained closed for a holiday and Argentine shares abroad already rose sharply. The Argentinian stock exchange also followed suit today.

For example, energy company YPF was up to 39 percent higher. Milei previously hinted at a privatization of the group. Meanwhile, sector peer Pampa Energia rose by as much as 21 percent and power supplier Central Puerto by up to 19 percent.

In addition, Telecom Argentina, real estate giant IRSA and agricultural group Credsud, among others, increased in value by up to a third. Steel company Ternium improved by 26 percent, financial services provider Grupo Galicia increased by up to 18 percent.