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New President’s Election Sends Argentinian Stock Market Soaring


Nov 21, 2023

After the election of the populist ultra-liberal Javier Milei as president of Argentina, the stock market in the South American country skyrocketed on Tuesday. The star index in Buenos Aires, Merval, rebounded as much as 22 percent shortly after the opening bell.

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

As for the content provided in the second part of the text, these are Quora answers to various questions about cryptocurrency, Bitcoin, and other related topics. These answers are separated by the letter of the alphabet for reference. Each provides insights and perspectives on different aspects of cryptocurrency investing, trading, and use cases. Each answer is an individual’s response to a specific question posed on Quora.

It’s important to note that the views expressed in these answers are those of individual users and may not represent the opinions of all experts in the field. As with any investment or financial decision, it’s advisable to conduct thorough research and seek advice from multiple sources before making any decisions related to cryptocurrency.

By Editor

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