IBOV 175,017.19 ▼ 0.56% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.41% USD/MXN17.45▲ 0.35% USD/CLP927.20▲ 0.13% USD/COP3,224▼ 1.11% USD/PEN3.39▲ 0.30% USD/ARS1,474▼ 0.14% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.28▲ 0.05% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.83▲ 0.43% BRENT 85.19 ▲ 0.28% WTI 79.16 ▼ 0.55% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.72% GOLD 3,991 ▼ 1.32% SILVER 56.22 ▼ 1.57% SOY 1,196 ▼ 0.52% CORN 463.75 ▲ 3.63% WHEAT 671.75 ▼ 0.85% COFFEE 312.25 ▼ 6.64% SUGAR 14.50 ▼ 2.36% ORANGE JUICE 134.85 ▼ 2.88% COTTON 79.07 ▼ 1.85% COCOA 5,377 ▼ 6.28% BEEF 222.53 ▼ 3.30% CATTLE 344.55 ▼ 1.54% LITHIUM 69.03 ▼ 2.86% PETR4 40.68 ▲ 0.22% VALE3 72.96 ▼ 2.08% ITUB4 42.62 ▼ 1.21% BBDC4 18.35 ▼ 1.34% ABEV3 15.68 ▲ 0.71% BBAS3 20.62 ▲ 0.34% B3SA3 15.38 ▼ 1.98% WEGE3 43.89 ▼ 0.84% PRIO3 57.82 ▲ 0.56% SUZB3 42.06 ▲ 1.40% RENT3 39.56 ▼ 1.96% AZZA3 18.64 ▼ 0.11% CSAN3 3.92 ▼ 0.25% RAIZ4 0.30 ▲ 3.45% PCAR3 2.68 ▲ 2.29% GMAT3 3.94 ▼ 1.01% PSSA3 55.06 ▼ 0.29% CVCB3 1.37 ▲ 2.24% POSI3 3.88 ▼ 1.77% SLCE3 13.67 ▲ 1.26% NATU3 8.60 ▼ 0.81% BRKM5 6.15 ▼ 4.06% RANI3 8.06 ▲ 1.00% CSNA3 5.17 ▼ 1.34% CMIN3 5.49 ▲ 4.77% USIM5 8.17 ▼ 0.37% GGBR4 24.19 ▼ 0.04% ENEV3 26.16 ▼ 2.93% CPFE3 46.86 ▲ 0.06% CMIG4 11.03 ▼ 1.08% EQTL3 39.98 ▼ 0.87% LREN3 13.78 ▼ 2.27% VIVT3 35.58 ▲ 0.31% RAIL3 14.06 ▼ 0.07% KLABIN 17.53 ▲ 0.81% RAIA DROGASIL 18.69 ▲ 0.11% RDOR3 35.80 ▼ 0.58% HAPV3 10.73 ▼ 2.37% FLRY3 16.37 ▼ 0.85% SMTO3 15.75 ▲ 1.42% UGPA3 31.99 ▲ 2.86% VBBR3 34.46 ▲ 2.10% BBSE3 41.01 ▲ 0.74% BPAC11 56.71 ▼ 0.58% CURY3 32.00 ▼ 2.23% AERI3 2.02 — 0.00% VIVARA 23.32 ▼ 0.85% COMPASS 24.96 ▼ 0.60% VAMOS 3.19 ▲ 2.24% SANB11 26.87 ▼ 0.48% ASAI3 8.54 ▼ 1.39% SBSP3 29.85 ▼ 0.43% WALMEX 49.39 ▼ 0.62% GMEXICO 200.14 ▼ 0.04% FEMSA 224.32 ▲ 0.63% CEMEX 22.89 ▲ 1.19% GFNORTE 179.82 ▼ 1.98% BIMBO 59.09 ▲ 2.73% TELEVISA 9.55 ▼ 0.10% AMX 22.92 ▲ 0.53% GAP 393.22 ▼ 0.97% ASUR 282.48 ▼ 0.35% OMA 234.72 ▼ 0.20% KOF 179.33 ▲ 1.34% GRUMA 285.55 ▲ 1.50% KIMBER 38.70 ▲ 0.10% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,850 ▲ 0.38% GGAL 8,030 ▼ 2.13% PAMPA 5,140 ▼ 1.91% TXAR 665.00 ▼ 0.89% ALUAR 957.00 ▼ 0.26% TGS 9,585 ▼ 1.69% CEPU 2,296 ▼ 2.05% MIRGOR 16,975 — 0.00% COME 44.88 ▼ 1.64% LOMA NEGRA 3,638 ▲ 0.69% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,280 ▼ 0.81% ECOPETROL 16.02 ▲ 0.22% BANCOLOMBIA 79.41 ▼ 2.62% GRUPO AVAL 4.99 ▼ 0.80% CREDICORP 390.79 ▼ 1.86% SOUTHERN COPPER 176.44 ▼ 2.81% BUENAVENTURA 30.13 ▼ 1.89% MERCADOLIBRE 1,848 ▲ 0.25% NUBANK 13.87 ▼ 0.11% XP 16.68 ▼ 1.16% PAGSEGURO 9.18 ▼ 0.38% STONE 11.18 ▼ 0.89% GLOBANT 32.58 ▲ 1.87% TECNOGLASS 46.93 ▲ 2.76% GAP AIRPORT 224.90 ▼ 1.27% ASUR 282.48 ▼ 0.35% OMA AIRPORT 107.63 ▼ 0.25% AMX ADR 26.24 ▲ 0.50% FEMSA ADR 128.53 ▼ 0.19% CEMEX ADR 13.15 ▲ 0.57% PETROBRAS ADR 17.77 ▼ 0.50% VALE ADR 14.26 ▼ 2.83% ITAU ADR 8.33 ▼ 1.48% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.07 ▲ 1.16% CSN 1.02 ▼ 0.97% GERDAU 4.77 ▼ 0.73% LATAM ADR 53.76 ▼ 2.02% BTC 64,532 ▼ 0.28% ETH 1,880 ▼ 1.94% SOL 76.37 ▼ 1.16% XRP 1.11 ▼ 0.17% BNB 577.40 ▼ 0.47% ADA 0.16 ▼ 0.97% DOGE 0.07 ▼ 0.60% AVAX 6.63 ▼ 0.99% LINK 8.44 ▼ 1.11% DOT 0.85 ▼ 0.05% LTC 45.22 ▲ 0.21% BCH 222.22 ▼ 0.42% TRX 0.32 ▼ 0.38% XLM 0.19 ▲ 1.89% HBAR 0.07 ▲ 0.09% NEAR 2.07 ▲ 0.09% ATOM 1.53 ▼ 1.45% AAVE 91.96 ▼ 4.04% SELIC 14.25% EMBRAER 83.07 ▲ 0.87% EMBRAER ADR 65.08 ▲ 0.28% JBS 12.27 ▲ 1.36% JBS BDR 62.46 ▲ 1.68% MBRF3 15.24 ▼ 1.04% MBRFY 2.99 ▲ 4.18% INTER 5.51 ▼ 1.96% IBOV 175,017.19 ▼ 0.56% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.39% USD/MXN 17.45 ▲ 0.35% USD/CLP 927.20 ▲ 0.13% USD/COP 3,220 ▼ 1.22% USD/PEN 3.39 ▲ 0.28% USD/ARS 1,474 ▼ 0.14% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.31% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.83 ▲ 0.43% BRENT 85.19 ▲ 0.28% WTI 79.16 ▼ 0.55% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.72% GOLD 3,991 ▼ 1.32% SILVER 56.22 ▼ 1.57% SOY 1,196 ▼ 0.52% CORN 463.75 ▲ 3.63% WHEAT 671.75 ▼ 0.85% COFFEE 312.25 ▼ 6.64% SUGAR 14.50 ▼ 2.36% ORANGE JUICE 134.85 ▼ 2.88% COTTON 79.07 ▼ 1.85% COCOA 5,377 ▼ 6.28% BEEF 222.53 ▼ 3.30% CATTLE 344.55 ▼ 1.54% LITHIUM 69.03 ▼ 2.86% PETR4 40.68 ▲ 0.22% VALE3 72.96 ▼ 2.08% ITUB4 42.62 ▼ 1.21% BBDC4 18.35 ▼ 1.34% ABEV3 15.68 ▲ 0.71% BBAS3 20.62 ▲ 0.34% B3SA3 15.38 ▼ 1.98% WEGE3 43.89 ▼ 0.84% PRIO3 57.82 ▲ 0.56% SUZB3 42.06 ▲ 1.40% RENT3 39.56 ▼ 1.96% AZZA3 18.64 ▼ 0.11% CSAN3 3.92 ▼ 0.25% RAIZ4 0.30 ▲ 3.45% PCAR3 2.68 ▲ 2.29% GMAT3 3.94 ▼ 1.01% PSSA3 55.06 ▼ 0.29% CVCB3 1.37 ▲ 2.24% POSI3 3.88 ▼ 1.77% SLCE3 13.67 ▲ 1.26% NATU3 8.60 ▼ 0.81% BRKM5 6.15 ▼ 4.06% RANI3 8.06 ▲ 1.00% CSNA3 5.17 ▼ 1.34% CMIN3 5.49 ▲ 4.77% USIM5 8.17 ▼ 0.37% GGBR4 24.19 ▼ 0.04% ENEV3 26.16 ▼ 2.93% CPFE3 46.86 ▲ 0.06% CMIG4 11.03 ▼ 1.08% EQTL3 39.98 ▼ 0.87% LREN3 13.78 ▼ 2.27% VIVT3 35.58 ▲ 0.31% RAIL3 14.06 ▼ 0.07% KLABIN 17.53 ▲ 0.81% RAIA DROGASIL 18.69 ▲ 0.11% RDOR3 35.80 ▼ 0.58% HAPV3 10.73 ▼ 2.37% FLRY3 16.37 ▼ 0.85% SMTO3 15.75 ▲ 1.42% UGPA3 31.99 ▲ 2.86% VBBR3 34.46 ▲ 2.10% BBSE3 41.01 ▲ 0.74% BPAC11 56.71 ▼ 0.58% CURY3 32.00 ▼ 2.23% AERI3 2.02 — 0.00% VIVARA 23.32 ▼ 0.85% COMPASS 24.96 ▼ 0.60% VAMOS 3.19 ▲ 2.24% SANB11 26.87 ▼ 0.48% ASAI3 8.54 ▼ 1.39% SBSP3 29.85 ▼ 0.43% WALMEX 49.39 ▼ 0.62% GMEXICO 200.14 ▼ 0.04% FEMSA 224.32 ▲ 0.63% CEMEX 22.89 ▲ 1.19% GFNORTE 179.82 ▼ 1.98% BIMBO 59.09 ▲ 2.73% TELEVISA 9.55 ▼ 0.10% AMX 22.92 ▲ 0.53% GAP 393.22 ▼ 0.97% ASUR 282.48 ▼ 0.35% OMA 234.72 ▼ 0.20% KOF 179.33 ▲ 1.34% GRUMA 285.55 ▲ 1.50% KIMBER 38.70 ▲ 0.10% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,850 ▲ 0.38% GGAL 8,030 ▼ 2.13% PAMPA 5,140 ▼ 1.91% TXAR 665.00 ▼ 0.89% ALUAR 957.00 ▼ 0.26% TGS 9,585 ▼ 1.69% CEPU 2,296 ▼ 2.05% MIRGOR 16,975 — 0.00% COME 44.88 ▼ 1.64% LOMA NEGRA 3,638 ▲ 0.69% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,280 ▼ 0.81% ECOPETROL 16.02 ▲ 0.22% BANCOLOMBIA 79.41 ▼ 2.62% GRUPO AVAL 4.99 ▼ 0.80% CREDICORP 390.79 ▼ 1.86% SOUTHERN COPPER 176.44 ▼ 2.81% BUENAVENTURA 30.13 ▼ 1.89% MERCADOLIBRE 1,848 ▲ 0.25% NUBANK 13.87 ▼ 0.11% XP 16.68 ▼ 1.16% PAGSEGURO 9.18 ▼ 0.38% STONE 11.18 ▼ 0.89% GLOBANT 32.58 ▲ 1.87% TECNOGLASS 46.93 ▲ 2.76% GAP AIRPORT 224.90 ▼ 1.27% ASUR 282.48 ▼ 0.35% OMA AIRPORT 107.63 ▼ 0.25% AMX ADR 26.24 ▲ 0.50% FEMSA ADR 128.53 ▼ 0.19% CEMEX ADR 13.15 ▲ 0.57% PETROBRAS ADR 17.77 ▼ 0.50% VALE ADR 14.26 ▼ 2.83% ITAU ADR 8.33 ▼ 1.48% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.07 ▲ 1.16% CSN 1.02 ▼ 0.97% GERDAU 4.77 ▼ 0.73% LATAM ADR 53.76 ▼ 2.02% BTC 64,532 ▼ 0.28% ETH 1,880 ▼ 1.94% SOL 76.37 ▼ 1.16% XRP 1.11 ▼ 0.17% BNB 577.40 ▼ 0.47% ADA 0.16 ▼ 0.97% DOGE 0.07 ▼ 0.60% AVAX 6.63 ▼ 0.99% LINK 8.44 ▼ 1.11% DOT 0.85 ▼ 0.05% LTC 45.22 ▲ 0.21% BCH 222.22 ▼ 0.42% TRX 0.32 ▼ 0.38% XLM 0.19 ▲ 1.89% HBAR 0.07 ▲ 0.09% NEAR 2.07 ▲ 0.09% ATOM 1.53 ▼ 1.45% AAVE 91.96 ▼ 4.04% SELIC 14.25% EMBRAER 83.07 ▲ 0.87% EMBRAER ADR 65.08 ▲ 0.28% JBS 12.27 ▲ 1.36% JBS BDR 62.46 ▲ 1.68% MBRF3 15.24 ▼ 1.04% MBRFY 2.99 ▲ 4.18% INTER 5.51 ▼ 1.96%
since 2009
Thursday, July 16, 2026

Honduras Election Battle: How China’s New Ally Faces A Test On Democracy

By · November 21, 2025 · 2 min read

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Honduras is heading toward tense elections that have become about far more than who sits in the presidential palace.

They are now a proxy battle over China’s influence, U.S. credibility and whether the country drifts toward the same institutional breakdown seen in Venezuela and Nicaragua.

President Xiomara Castro, a self-declared leftist whose Libre party broke with Taiwan in 2023 to recognise Beijing, is seeking to keep her movement in power.

Her critics say she is centralising control over courts, prosecutors and the electoral system while courting Chinese money and political backing. Her supporters insist she is cleaning up a corrupt system dominated for decades by traditional parties.

The immediate crisis was triggered when Prosecutor General Johel Zelaya, close to the presidency, released audio recordings that allegedly show a member of the National Electoral Council, a National Party lawmaker and a military officer discussing how to sabotage the 30 November vote.

Honduras Election Battle: How China’s New Ally Faces A Test On Democracy. (Photo Internet reproduction)
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The government presents this as proof of a plot by conservative parties to engineer an “electoral coup.” The opposition calls the audios manipulated and accuses the prosecutor of weaponising justice to intimidate election officials who refuse to bow to the ruling party.

Honduras tests whether democratic rules still hold

In Washington, the U.S. House Foreign Affairs Committee has sounded the alarm over what it calls unconstitutional moves by the Castro government to tilt the playing field.

Lawmakers draw direct parallels with the step-by-step erosion of democracy in Nicaragua and Venezuela and warn that a crisis in Honduras could fuel migration and strengthen drug-trafficking networks.

The Organization of American States has called an urgent meeting, backing its election-observation mission and urging Honduran institutions – including the armed forces – to protect the autonomy of the electoral authority and the safety of its staff.

For outsiders, Honduras may seem distant. But this fight will show whether a China-friendly government can bend democratic rules without serious consequences, or whether domestic institutions, regional pressure and a fragmented opposition can still hold a fragile democracy on course.

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