ARGT ETF Soars on Positive Election Outlook in Argentina

about 2 months ago

Valerie Titel

"And uh finally Valerie for anyone who wants to trade off the back of the Argentinian election results. Uh looks like there's an ETF for that. Yes, there is. ARGT is a USlisted Argentina ETF and it is soaring in the pre-market up 16%. Some bank stocks that also have US ADRs are soaring over 30%. One of the big ones is BBVA Argentina. That's up 35% or its US ADRs are up 35% in pre-market trade. We also have the dollar bond soaring as well. This comes after MLE's party won the Argentina midterm vote that will give the Libertarian leader a strong foothold in government and the result should help ease doubts on whether Argentina will continue to receive crucial support from the US."

The ARGT ETF is experiencing a robust pre-market gain of 16% on the back of positive developments from Argentina's midterm elections. The surge, alongside strong performance in related bank stocks and bonds, reflects optimism that the new political environment will stabilize Argentina's support from the US.

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