Argentina Stocks Rally as Opposition Gains Ground on Fernandez
- Benchmark index posts region’s biggest advance for August
- Investors expect gains for right-leaning parties in midterms
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Argentine stocks are jumping amid growing speculation that allies of President Alberto Fernandez are poised for a poor showing in midterm elections scheduled for November.
The benchmark equity index surged 16% this month in pesos, trailing only Mongolia among more than 90 stock gauges tracked by Bloomberg. Argentine shares have jumped 49% this year, among the world’s top five performers.