Argentina’s stocks, bonds and currency surged Monday after the country’s midterm elections delivered a surprising mandate for President Javier Milei to press ahead with his free-market economic overhauls.

The rallies unleashed by Argentina President Javier Milei’s surprising electoral win were stunning, with bond prices posting record gains and the stock market skyrocketing over 20% as investors stampeded back in.

Milei’s libertarian party defied poll predictions, tripling its congressional seats to advance free-market reforms.

The libertarian president’s ruling party staged a stunning comeback in pivotal midterm elections with unexpected support from the working class.