The rallies unleashed by Argentina President Javier Milei’s surprising electoral win were stunning, with bond prices posting record gains and the stock market skyrocketing over 20% as investors stampeded back in.

Milei’s libertarian party defied poll predictions, tripling its congressional seats to advance free-market reforms.

So will the government of Donald Trump, which has been backing Mr Milei and buying pesos to prop up the Argentine currency. Yet the impressive victory has caveats. Turnout of 68%, in a country with compulsory voting,

President Donald Trump said the US made “a lot of money” by bailing out Argentina. Yet even as that country’s markets rallied back from the depths after Argentina President Javier Milei secured a surprisingly large victory in Sunday’s legislative elections,