Investors welcomed a decisive victory by President Javier Milei's party in Argentina's midterm elections. The Argentine peso surged, advancing nearly 10% against the dollar before paring gains. It was recently up about 4%.

Argentine president Javier Milei’s party has triumphed in midterm elections, with voters backing his state-shrinking agenda and deregulation of the economy.

Discover why Banco BBVA Argentina S.A. stock is surging after Milei's win. Click for how structural reforms and investor optimism signal BBAR financial growth.

President Donald Trump appears to have had a major influence on the outcome of the Argentine election this week.