Argentina investors are, once again, running for the exits after being caught off guard by the nation’s notoriously complicated politics.
Assets slumped Monday after Sergio Massa, the economy minister turned presidential candidate, pulled off a surprise comeback in a first round vote. After a dismal showing in August primaries, he took roughly 37% of the ballots Sunday, forcing a second-round with runner-up Javier Milei, the firebrand libertarian who got around 30% support with nearly all votes counted.
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