The Chilean markets showed a little more calm on Tuesday after the sharp falls they experienced the day before after the resounding victory of the leftist Gabriel Boric in the presidential election.
In a still hectic session, at 10:20 local time (13:20 GMT) the peso rose 0.85%, to 867.10 / 867.40 units per dollar, while the benchmark stock index gained 2.45% to 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 governed the country, prevailed with 55.87% of the votes for the conservative Jose Antonio Kast in the Sunday elections.
However, on Monday the president-elect stressed that the adjustments will be made “Step by Step“With fiscal responsibility and keeping a”orderly macroeconomics”.
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.
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