Argentine assets soar as US aid pledge halts market plunge.

On the eve of the mid-term elections next month, as the Argentine financial markets faced massive sell-offs, the United States pledged to provide financial support to Argentine President Mileti. As a result, the country's assets saw a significant rebound on Monday. Argentine bonds saw their biggest increase in history, the stock market surged by 8%, and the Argentine peso is expected to see its biggest rise since May. Earlier, U.S. Treasury Secretary Scott Besent posted on X that they would provide "all options for stabilizing the situation" to Argentina. He later told CNBC that the U.S. is prepared for large-scale, forceful intervention in Argentina. While the full details of the assistance may not be revealed until after Mileti meets with U.S. President Trump and Besent in New York on Tuesday, this news has provided much-needed relief to Argentina's badly battered assets.