Preliminary results showed both he and Buenos Aires mayor, Mauricio Macri, were neck and neck with 35% of the vote each.

Argentina's presidential election heads for November run-off

Oct 26 2015, 04:13 ET | By: Yoel Minkoff, SA News Editor 

Argentina's voters have set the stage for a presidential run-off next month after asurprise first round on Sunday in which Daniel Scioli of the ruling Peronist coalition was denied an outright victory.

Preliminary results showed both he and Buenos Aires mayor, Mauricio Macri, were neck and neck with 35% of the vote each.

Any winner will have to deal with the difficult economic legacy of Cristina Fernandez, who with Nestor Kirchner, her late husband and predecessor, ruled Argentina for the past 12 years. That legacy includes slowing GDP and one of the highest inflation rates in the world.

ETFs: ARGT

Previously: Argentines vote for a new president (Oct. 25 2015)