Sunday’s vote leaves Peronism 39 deputies and 24 senators; Fuerza Patria will be the first minority in the provincial Chamber of Deputies and will have its own quorum in the Senate.

Cristina Kirchner’s party defeated the far-right candidates by more than 13 points in Sunday’s vote in a key Argentine province

Argentina's markets tumbled on Monday, with the peso currency touching a historic low, after a heavy defeat for President Javier Milei's party at the hands of the Peronist opposition in local elections stoked worries about the government's ability to implement its economic reform agenda.

Governor Axel Kicillof the big winner as Peronism dominates vote in Buenos Aires Province; Fuerza Patria (Peronism) set to win election by double-digit margin, with President Javier Milei's La Libertad Avanza trailing a distant second.

Argentine President Javier Milei suffered a sweeping setback Sunday in the Buenos Aires provincial election that is viewed as a barometer for how his libertarian party will perform in crucial congressional midterms next month.

A heavy election defeat for Argentine President Javier Milei's ruling party in Buenos Aires province put the country's strained markets on track to extend a recent selloff, raising uncertainty ahead of a key October vote.

Argentina's President Javier Milei suffered a major blow in a key Buenos Aires provincial election on Sunday. Milei's recently formed party La Libertad Avanza (LLA) only captured 34% of the vote in Argentina's largest province.

The provincial election results are a major cause of concern for Argentina's President Javier Milei, as the capital accounts for 40% of all eligible voters.