Markets react to Chile cliff hanger
Chile is widely seen as one of the more stable and predictable Latin American democracies, which in recent times has seen peaceful alternations in power between broadly business-friendly governments of the centre-left and of the centre-right. But after the first round of this year’s presidential election on 19 November, there is greater than usual uncertainly over who will win on the second round on 17 December. Immediately after the poll, share prices and the Chilean peso weakened.