Why Every Stock in Argentina Soared Monday

Shares of Argentine stocks shot off like fireworks -- in unison -- Monday, as results rolled out in primary voting for the country's upcoming midterm congressional elections.  

As of 9:55 a.m. EDT, shares of electric utility Central Puerto (NYSE: CEPU) are up 15.2% and oil company YPF (NYSE: YPF) is up 9.7%. Argentine regional banks are big winners as well:

Image source: Getty Images.

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Source Fool.com