The Argentine stock markets crashed after the Conservative Argentine President Mauricio Macri suffered a shock defeat in primary elections on Sunday.

Argentina's main Merval stock index fell 32%, while the peso slumped 25% against the dollar. Markets were taken by surprise as polls were predicting a tight race; instead, Macri found himself lugging 16 points behind the opposition.

Most analysts now agree that the left-wing candidate Alberto Fernández is now likely to win the presidential el...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now