Finance

Argentina’s Brokers See Their Losses Mount as Milei Bet Fades

Javier Milei speaks at an election rally in La Plata, Argentina, on Sept. 7.Source: Anita Pouchard Serra / Bloomberg

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By Ignacio Olivera Doll

September 18, 2025 at 12:00 PM UTC

Updated on

September 18, 2025 at 6:40 PM UTC

Lea en español

A slide in local assets, lingering capital controls and an economy still shunned by foreign investors are deflating hopes for a boom in Argentina’s capital markets, weighing on small brokerage firms that had bet on a revival after President Javier Milei took office two years ago.