Argentine stock market down 3pc following elections

• Argentina also announced strict currency exchange controls earlier in the day to stem a capital flight

BUENOS AIRES: The Argentine stock exchange had lost almost three percent midway through trading on Monday following the election victory a day earlier of protectionist Alberto Fernandez.

Argentina also announced strict currency exchange controls earlier in the day to stem a capital flight, as the Peronist Fernandez met with market-friendly incumbent Mauricio Macri in a bid to reassure investors.