IBOV 177,310.14 ▼ 0.13% IPSA 11,020.34 ▲ 0.10% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.60% USD/MXN17.51▲ 0.66% USD/CLP947.21▲ 1.24% USD/COP3,224▼ 0.10% USD/PEN3.39▼ 0.22% USD/ARS1,489▲ 0.43% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.24% BRENT 87.03 ▼ 7.48% WTI 92.49 ▲ 6.52% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.83% GOLD 4,049 ▼ 2.35% SILVER 57.69 ▼ 3.88% SOY 1,243 ▲ 0.81% CORN 485.25 ▲ 5.03% WHEAT 698.00 ▼ 1.10% COFFEE 309.95 ▼ 2.12% SUGAR 14.69 ▼ 0.34% ORANGE JUICE 147.80 ▼ 1.66% COTTON 81.49 ▲ 2.03% COCOA 5,204 ▼ 2.33% BEEF 220.53 ▼ 1.20% CATTLE 338.28 ▼ 0.85% LITHIUM 68.78 ▼ 0.32% PETR4 43.32 ▲ 1.74% VALE3 76.17 ▲ 1.42% ITUB4 42.44 ▼ 1.07% BBDC4 18.74 ▼ 1.21% ABEV3 15.94 ▼ 1.18% BBAS3 20.95 ▼ 0.66% B3SA3 15.69 ▼ 1.32% WEGE3 45.13 ▼ 3.44% PRIO3 61.18 ▲ 2.36% SUZB3 42.21 ▼ 1.05% RENT3 36.68 ▼ 1.24% AZZA3 17.58 ▼ 1.29% CSAN3 3.91 ▼ 0.26% RAIZ4 0.28 ▲ 3.70% PCAR3 2.79 ▲ 1.45% GMAT3 3.88 ▼ 0.77% PSSA3 55.22 ▼ 0.41% CVCB3 1.26 ▼ 0.79% POSI3 3.68 ▼ 0.54% SLCE3 13.93 ▼ 0.21% NATU3 8.63 ▼ 0.58% BRKM5 6.19 ▲ 1.98% RANI3 8.00 — 0.00% CSNA3 5.43 ▲ 0.93% CMIN3 5.75 ▼ 1.54% USIM5 8.61 ▼ 0.46% GGBR4 24.14 ▲ 0.33% ENEV3 25.64 ▼ 1.27% CPFE3 46.47 ▼ 0.51% CMIG4 11.18 ▼ 0.27% EQTL3 38.93 ▼ 1.07% LREN3 13.35 ▼ 1.40% VIVT3 34.84 ▼ 1.53% RAIL3 13.89 ▲ 1.83% KLABIN 17.68 ▼ 1.39% RAIA DROGASIL 18.47 ▲ 0.98% RDOR3 33.79 ▼ 2.03% HAPV3 10.93 ▼ 4.04% FLRY3 16.69 ▲ 0.24% SMTO3 16.15 ▲ 0.62% UGPA3 33.07 ▲ 0.73% VBBR3 35.18 ▲ 0.57% BBSE3 42.57 ▼ 0.02% BPAC11 56.27 ▼ 1.32% CURY3 29.82 ▼ 1.26% AERI3 2.06 ▲ 0.49% VIVARA 21.49 ▼ 0.28% COMPASS 24.90 ▲ 0.36% VAMOS 3.18 ▼ 1.55% SANB11 26.74 ▼ 0.78% ASAI3 8.19 ▼ 2.50% SBSP3 28.83 ▼ 1.57% WALMEX 47.46 ▼ 2.45% GMEXICO 209.38 ▼ 2.62% FEMSA 225.62 ▼ 0.93% CEMEX 21.67 ▼ 2.26% GFNORTE 191.22 ▼ 0.21% BIMBO 60.07 ▼ 0.38% TELEVISA 9.75 ▼ 0.71% AMX 22.69 — 0.00% GAP 379.23 ▲ 0.66% ASUR 269.40 ▼ 1.51% OMA 227.84 ▼ 0.38% KOF 181.03 ▼ 0.89% GRUMA 279.55 ▼ 0.32% KIMBER 38.82 — 0.00% SQM-B 66,500 ▲ 2.22% COPEC 6,447 ▼ 1.57% BSANTANDER 80.27 ▲ 0.53% FALABELLA 6,030 ▼ 0.20% ENELAM 84.63 ▲ 0.12% CENCOSUD 1,998 ▼ 0.59% CMPC 1,066 ▼ 0.41% BANCO CHILE 193.32 ▼ 0.09% LATAM AIR 23.60 ▼ 2.03% YPF 82,875 ▲ 0.45% GGAL 8,080 ▼ 2.36% PAMPA 5,600 ▼ 0.44% TXAR 667.50 ▼ 0.07% ALUAR 975.00 ▲ 0.10% TGS 10,060 ▲ 1.56% CEPU 2,397 ▼ 0.58% MIRGOR 16,625 ▼ 1.77% COME 42.71 ▼ 1.00% LOMA NEGRA 3,753 ▼ 1.51% BYMA 291.25 ▼ 1.44% TELECOM ARG 4,243 ▼ 4.02% ECOPETROL 16.81 ▲ 0.72% BANCOLOMBIA 85.92 ▲ 1.49% GRUPO AVAL 4.95 ▼ 1.79% CREDICORP 391.15 ▼ 0.64% SOUTHERN COPPER 182.69 ▼ 6.54% BUENAVENTURA 31.11 ▼ 3.05% MERCADOLIBRE 1,773 ▼ 1.44% NUBANK 14.20 ▼ 2.17% XP 17.15 ▼ 0.87% PAGSEGURO 9.42 ▼ 2.64% STONE 10.99 ▼ 3.30% GLOBANT 29.92 ▼ 2.45% TECNOGLASS 44.23 ▼ 2.19% GAP AIRPORT 216.34 ▼ 0.55% ASUR 269.40 ▼ 1.51% OMA AIRPORT 104.01 ▼ 1.27% AMX ADR 25.89 ▼ 0.88% FEMSA ADR 128.51 ▼ 1.84% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.29 ▲ 2.09% VALE ADR 14.95 ▲ 0.64% ITAU ADR 8.35 ▼ 1.59% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.11 ▼ 0.96% CSN 1.08 ▼ 0.91% GERDAU 4.76 ▼ 0.31% LATAM ADR 49.53 ▼ 3.38% BTC 64,906 ▼ 1.81% ETH 1,892 ▼ 2.16% SOL 76.30 ▼ 2.06% XRP 1.11 ▼ 2.88% BNB 566.40 ▼ 0.76% ADA 0.17 ▼ 2.47% DOGE 0.07 ▼ 4.66% AVAX 6.42 ▼ 2.98% LINK 8.47 ▼ 1.74% DOT 0.81 ▼ 2.54% LTC 46.33 ▼ 1.57% BCH 213.89 ▼ 2.76% TRX 0.33 ▼ 0.67% XLM 0.18 ▼ 2.56% HBAR 0.07 ▼ 1.25% NEAR 1.88 ▲ 0.43% ATOM 1.44 ▼ 1.95% AAVE 95.90 ▼ 1.50% SELIC 14.25% EMBRAER 83.35 ▼ 0.53% EMBRAER ADR 65.03 ▼ 1.54% JBS 12.03 ▼ 1.80% JBS BDR 61.17 ▼ 1.02% MBRF3 16.12 ▲ 0.56% MBRFY 3.14 ▼ 1.57% INTER 5.48 ▼ 3.69% EGX 53,932 ▼ 0.11% USD/ZAR16.77▲ 2.30% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.82▲ 0.41% USD/CNY6.77▼ 0.10% DAX 24,750 ▼ 1.61% CAC 8,296 ▼ 1.68% FTSE 10,636 ▼ 0.76% MIB 51,406 ▼ 2.63% IBEX 19,259 ▼ 1.59% STOXX 639.23 ▼ 1.19% EUR/USD1.14▼ 0.31% GBP/USD1.33▼ 0.52% SPX 7,383 ▼ 1.55% DJI 51,594 ▼ 1.20% NDX 28,310 ▼ 2.37% RUT 2,931 ▼ 0.99% TSX 35,103 ▼ 1.08% VIX 19.88 ▲ 19.47% USD/CAD1.41▲ 0.03% US10Y 4.7070 ▲ 1.07% IBOV 177,310.14 ▼ 0.13% IPSA 11,020.34 ▲ 0.10% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.60% USD/MXN 17.51 ▲ 0.66% USD/CLP 947.21 ▲ 1.24% USD/COP 3,224 ▼ 0.10% USD/PEN 3.39 ▼ 0.22% USD/ARS 1,489 ▲ 0.43% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 0.24% BRENT 87.03 ▼ 7.48% WTI 92.49 ▲ 6.52% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.83% GOLD 4,049 ▼ 2.35% SILVER 57.69 ▼ 3.88% SOY 1,243 ▲ 0.81% CORN 485.25 ▲ 5.03% WHEAT 698.00 ▼ 1.10% COFFEE 309.95 ▼ 2.12% SUGAR 14.69 ▼ 0.34% ORANGE JUICE 147.80 ▼ 1.66% COTTON 81.49 ▲ 2.03% COCOA 5,204 ▼ 2.33% BEEF 220.53 ▼ 1.20% CATTLE 338.28 ▼ 0.85% LITHIUM 68.78 ▼ 0.32% PETR4 43.32 ▲ 1.74% VALE3 76.17 ▲ 1.42% ITUB4 42.44 ▼ 1.07% BBDC4 18.74 ▼ 1.21% ABEV3 15.94 ▼ 1.18% BBAS3 20.95 ▼ 0.66% B3SA3 15.69 ▼ 1.32% WEGE3 45.13 ▼ 3.44% PRIO3 61.18 ▲ 2.36% SUZB3 42.21 ▼ 1.05% RENT3 36.68 ▼ 1.24% AZZA3 17.58 ▼ 1.29% CSAN3 3.91 ▼ 0.26% RAIZ4 0.28 ▲ 3.70% PCAR3 2.79 ▲ 1.45% GMAT3 3.88 ▼ 0.77% PSSA3 55.22 ▼ 0.41% CVCB3 1.26 ▼ 0.79% POSI3 3.68 ▼ 0.54% SLCE3 13.93 ▼ 0.21% NATU3 8.63 ▼ 0.58% BRKM5 6.19 ▲ 1.98% RANI3 8.00 — 0.00% CSNA3 5.43 ▲ 0.93% CMIN3 5.75 ▼ 1.54% USIM5 8.61 ▼ 0.46% GGBR4 24.14 ▲ 0.33% ENEV3 25.64 ▼ 1.27% CPFE3 46.47 ▼ 0.51% CMIG4 11.18 ▼ 0.27% EQTL3 38.93 ▼ 1.07% LREN3 13.35 ▼ 1.40% VIVT3 34.84 ▼ 1.53% RAIL3 13.89 ▲ 1.83% KLABIN 17.68 ▼ 1.39% RAIA DROGASIL 18.47 ▲ 0.98% RDOR3 33.79 ▼ 2.03% HAPV3 10.93 ▼ 4.04% FLRY3 16.69 ▲ 0.24% SMTO3 16.15 ▲ 0.62% UGPA3 33.07 ▲ 0.73% VBBR3 35.18 ▲ 0.57% BBSE3 42.57 ▼ 0.02% BPAC11 56.27 ▼ 1.32% CURY3 29.82 ▼ 1.26% AERI3 2.06 ▲ 0.49% VIVARA 21.49 ▼ 0.28% COMPASS 24.90 ▲ 0.36% VAMOS 3.18 ▼ 1.55% SANB11 26.74 ▼ 0.78% ASAI3 8.19 ▼ 2.50% SBSP3 28.83 ▼ 1.57% WALMEX 47.46 ▼ 2.45% GMEXICO 209.38 ▼ 2.62% FEMSA 225.62 ▼ 0.93% CEMEX 21.67 ▼ 2.26% GFNORTE 191.22 ▼ 0.21% BIMBO 60.07 ▼ 0.38% TELEVISA 9.75 ▼ 0.71% AMX 22.69 — 0.00% GAP 379.23 ▲ 0.66% ASUR 269.40 ▼ 1.51% OMA 227.84 ▼ 0.38% KOF 181.03 ▼ 0.89% GRUMA 279.55 ▼ 0.32% KIMBER 38.82 — 0.00% SQM-B 66,500 ▲ 2.22% COPEC 6,447 ▼ 1.57% BSANTANDER 80.27 ▲ 0.53% FALABELLA 6,030 ▼ 0.20% ENELAM 84.63 ▲ 0.12% CENCOSUD 1,998 ▼ 0.59% CMPC 1,066 ▼ 0.41% BANCO CHILE 193.32 ▼ 0.09% LATAM AIR 23.60 ▼ 2.03% YPF 82,875 ▲ 0.45% GGAL 8,080 ▼ 2.36% PAMPA 5,600 ▼ 0.44% TXAR 667.50 ▼ 0.07% ALUAR 975.00 ▲ 0.10% TGS 10,060 ▲ 1.56% CEPU 2,397 ▼ 0.58% MIRGOR 16,625 ▼ 1.77% COME 42.71 ▼ 1.00% LOMA NEGRA 3,753 ▼ 1.51% BYMA 291.25 ▼ 1.44% TELECOM ARG 4,243 ▼ 4.02% ECOPETROL 16.81 ▲ 0.72% BANCOLOMBIA 85.92 ▲ 1.49% GRUPO AVAL 4.95 ▼ 1.79% CREDICORP 391.15 ▼ 0.64% SOUTHERN COPPER 182.69 ▼ 6.54% BUENAVENTURA 31.11 ▼ 3.05% MERCADOLIBRE 1,773 ▼ 1.44% NUBANK 14.20 ▼ 2.17% XP 17.15 ▼ 0.87% PAGSEGURO 9.42 ▼ 2.64% STONE 10.99 ▼ 3.30% GLOBANT 29.92 ▼ 2.45% TECNOGLASS 44.23 ▼ 2.19% GAP AIRPORT 216.34 ▼ 0.55% ASUR 269.40 ▼ 1.51% OMA AIRPORT 104.01 ▼ 1.27% AMX ADR 25.89 ▼ 0.88% FEMSA ADR 128.51 ▼ 1.84% CEMEX ADR 12.36 ▼ 2.87% PETROBRAS ADR 19.29 ▲ 2.09% VALE ADR 14.95 ▲ 0.64% ITAU ADR 8.35 ▼ 1.59% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.11 ▼ 0.96% CSN 1.08 ▼ 0.91% GERDAU 4.76 ▼ 0.31% LATAM ADR 49.53 ▼ 3.38% BTC 64,906 ▼ 1.81% ETH 1,892 ▼ 2.16% SOL 76.30 ▼ 2.06% XRP 1.11 ▼ 2.88% BNB 566.40 ▼ 0.76% ADA 0.17 ▼ 2.47% DOGE 0.07 ▼ 4.66% AVAX 6.42 ▼ 2.98% LINK 8.47 ▼ 1.74% DOT 0.81 ▼ 2.54% LTC 46.33 ▼ 1.57% BCH 213.89 ▼ 2.76% TRX 0.33 ▼ 0.67% XLM 0.18 ▼ 2.56% HBAR 0.07 ▼ 1.25% NEAR 1.88 ▲ 0.43% ATOM 1.44 ▼ 1.95% AAVE 95.90 ▼ 1.50% SELIC 14.25% EMBRAER 83.35 ▼ 0.53% EMBRAER ADR 65.03 ▼ 1.54% JBS 12.03 ▼ 1.80% JBS BDR 61.17 ▼ 1.02% MBRF3 16.12 ▲ 0.56% MBRFY 3.14 ▼ 1.57% INTER 5.48 ▼ 3.69% EGX 53,932 ▼ 0.11% USD/ZAR 16.80 ▲ 2.38% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.87 ▲ 0.48% USD/CNY 6.7646 ▲ 0.01% DAX 24,750 ▼ 1.61% CAC 8,296 ▼ 1.68% FTSE 10,636 ▼ 0.76% MIB 51,406 ▼ 2.63% IBEX 19,259 ▼ 1.59% STOXX 639.23 ▼ 1.19% EUR/USD 1.1377 ▼ 0.28% GBP/USD 1.3311 ▼ 0.49% SPX 7,383 ▼ 1.55% DJI 51,594 ▼ 1.20% NDX 28,310 ▼ 2.37% RUT 2,931 ▼ 0.99% TSX 35,103 ▼ 1.08% VIX 19.88 ▲ 19.47% USD/CAD 1.4093 ▲ 0.08% US10Y 4.7070 ▲ 1.07%
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Thursday, July 23, 2026

Chile’s Split Right, Anxious Voters, And The Runoff Math That Could Recast Chile

By · October 21, 2025 · 2 min read

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Chile votes for president on Sunday, November 16, with a likely runoff on December 14 if no candidate crosses 50 percent.

Voting is compulsory, so millions who rarely follow politics will show up—and late shifts can decide who faces the government’s contender, Jeannette Jara (communist party).

The right is fragmented among José Antonio Kast (conservative right), Evelyn Matthei (center-right), and Johannes Kaiser (libertarian right), with outsider Franco Parisi (centrist) lingering just behind the top tier.

Across recent national polling, Jara hovers in the mid-20s, Kast in the low-20s, Matthei in the mid-teens, and Kaiser in the low-teens. Added together, Kast and Kaiser sit in the mid-30s—enough to outpace Matthei unless the right consolidates.

The story behind the story is about incentives and mood. Since 2006, Chileans have repeatedly voted for change rather than re-upping the same camp, and compulsory voting now pulls in late-deciders who prize order over ideology.

Chile’s Split Right, Anxious Voters, And The Runoff Math That Could Recast Chile. (Photo Internet reproduction)
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Three worries dominate: crime, irregular migration, and the cost of living. Television flashpoints and viral clips keep those themes at the center, rewarding blunt, practical promises over technocratic detail.

Chile’s Presidential Race

Each leading candidacy points to a different path. Jara leans on her record as labor minister—she shepherded the 40-hour workweek—offering continuity with a steadier social agenda and incremental budget tweaks.

Kast argues for a rapid fiscal correction, including $6 billion in spending cuts over 18 months, saying a slimmer state will free investment and bolster policing; critics counter that such cuts would be hard without touching protected social spending.

Kaiser sets the hardest line on irregular migration, urging swift expulsions and limiting public services for those without legal status.

Matthei pitches a calmer, managerial approach—tougher security, legal backing for police, measured spending trims, and a predictable, pro-investment tax stance. Parisi promises technocratic fixes and anti-establishment accountability.

What to watch now: whether right-leaning voters coalesce behind a single contender in time to claim the runoff slot against Jara—or whether fragmentation hands her a clearer first-round lead.

The stakes reach well beyond Santiago: decisions on security, border enforcement, and the budget will shape daily life and the investment climate in Latin America’s most stable financial market—and influence how a copper- and lithium-rich economy navigates the next global downturn.

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