Traders Hunt for Next Argentina as Trump’s Sway Shapes Bets

Inside the Brasil Bolsa Balcao stock exchange in the financial district of Sao Paulo. — Inside the Brasil Bolsa Balcao stock exchange in the financial district of Sao Paulo.
Photographer: Victor Moriyama/Bloomberg

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By Carolina Wilson, Vinicius Andrade, and Liza Tetley

November 23, 2025 at 1:30 PM UTC

Updated on

November 24, 2025 at 9:42 AM UTC

Leia em português

Emerging-market money managers are zeroing in on Latin America for their next big trade as a wave of upcoming elections could redraw the region’s political map, potentially aligning several countries more closely with Donald Trump.