2015 Argentina's Presidential Run-Off Election Result - Opposition candidate Mauricio Macri Wins

Opposition wins Argentine election, ending 'Kirchner era'

Opposition candidate Mauricio Macri Wins has won Argentina's presidential election, marking an end to the left-leaning and often combative era of President Cristina Fernandez, who along with her late husband dominated the country's political scene for 12 years and rewrote its social contract

Ruling party candidate Daniel Scioli, Fernandez's chosen successor, conceded defeat and said he had called Macri to congratulate him on a victory that promises to chart Argentina on a more free market, less state interventionist course.

"Today is a historic day," said Macri, addressing thousands of cheering supporters as horns were heard blaring across Buenos Aires. "It's the change of an era."

With 75 % of the vote counted,Opposition candidate Mauricio Macri had 53% support compared to 47 %for Ruling party candidate Daniel Scioli.

The victory by the business-friendly Macri comes after he did better than expected in the first round on October 25, forcing a runoff with Scioli, the governor of the vast Buenos Aires province.

Opposition candidate MauricioMacri campaigned on promises to reform and jumpstart the South American country's sagging economy. He pledged to lead by "listening more and speaking less" than Fernandez, something he frequently said on the campaign trail.