Nepal, Oct. 28 -- Argentine President Javier Milei hailed his party's runaway victory in Sunday's midterm elections as a "turning point" for the country and vowed to charge ahead with his agenda of shrinking the state and deregulating the economy.

Milei's La Libertad Avanza (LLA) party rebounded from a series of setbacks to win 40.7 percent of the votes cast for members of Congress, far outpacing the opposition in an election closely watched by jittery investors.

"Today we reached a turning point. Today begins the construction of a great Argentina," the 55-year-old president told supporters at a victory party in Buenos Aires.

He promised to continue on the reform path with what he predicted would be "the most reformist Congress in Arge...