Kast's Victory Likely, Bullish for Chilean Assets

Chiles Presidential Election: A Shift Towards Conservatism and Its Impact on Financial MarketsThe recent first-round vote in Chiles presidential election has analysts optimistic about the countrys financial future. Far-right candidate Jose Antonio Kast emerged as a strong contender, leading to a shift in expectations for the upcoming runoff. A potential Kast presidency, even with a right-leaning but fragmented Congress, is expected to support local assets like Chilean bonds and the peso. However, the Chilean peso has underperformed compared to its regional neighbors, with only a seven percent strengthening since the start of the year. This election marks a significant change from the previous wave of left-wing optimism, with issues like law and order and immigration dominating the electoral agenda.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.