The Chilean markets showed this Tuesday morning a little calmer after the sharp falls they experienced the day before after the resounding triumph of the leftist Gabriel Boric in the presidential election on Sunday.
In a still hectic session, at 10:20 local time on Chilean peso rose 0.85%, to 867.10 / 867.40 units per dollar, while the benchmark index of the Santiago Stock Exchange it gained 2.45% to place its level at 4,188.42 points.
On Monday, the currency closed at a record low while the stock market sank more than 7% amid much volatility.
Boric, who has promised profound reforms to the neoliberal economic system that has ruled the country, won the ultraconservative José Antonio Kast with 55.87% of the votes in Sunday’s elections.
However, on Monday the president-elect stressed that the adjustments will be made “step by step” with fiscal responsibility and keeping a “macroeconomy neat “.
The markets are very attentive to the appointments Boric will make to his next cabinet in response to the restraint shown during the last stage of the campaign.
Reference-www.eleconomista.com.mx