Their market was actually closed and apparently the rally was fueled by a bunch of retail investors/gamblers
>>The gains for the ETF came on a high number of small trades, Todd Sohn, an ETF analyst at Strategas in New York, said.
By the time the closing bell rang, the value of trading in the ETF approached $26 million, compared with an average of about $1 million a day throughout 2023. That's the second-most active day of trading ever recorded for the ETF, Sohn said. He added that most trades were blocks of 100 shares or even fewer.
"There seems to be a lot of random trading by retail investors playing the volatility" following the election news and amid speculation about Milei's proposals to tackle Argentina's economic woes, Sohn added.