Argentina markets face election hangover after far-right primary bombshell

FILE PHOTO: A general view of the facade of Banco de la Nacion Argentina (Bank of the Argentine Nation), in Buenos Aires, Argentina December 7, 2021. REUTERS/Agustin Marcarian

BUENOS AIRES (Reuters) -Argentina's markets face an election hangover on Monday after a shock primary election win for far-right libertarian Javier Milei, who wants to axe the central bank and dollarize the economy, shook up the race towards general elections in October.

Rock-singing, wild-haired economist Milei far outperformed forecasts to get some 30% in the vote with over 90% of ballots counted, the largest vote share. The primary to elect party candidates acts as a dress rehearsal for the general election in two months time.