IBOV 177,356 ▲ 1.77% IPSA 10,600 ▲ 2.40% IPC MEX 68,894 ▲ 0.49% MERVAL 2,788,517 ▲ 0.50% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.00 ▲ 0.10% USD/MXN 17.35 ▲ 0.20% USD/CLP 897.19 ▼ 0.13% USD/COP 3,715 ▼ 2.06% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,397 ▼ 0.11% USD/UYU 40.30 ▲ 1.86% USD/PYG 6,136 ▲ 2.65% USD/BOB 6.85 ▲ 1.31% USD/DOP 58.63 ▲ 0.14% USD/CRC 449.65 ▲ 2.13% USD/GTQ 7.62 ▲ 2.24% USD/HNL 26.60 ▲ 0.33% USD/NIO 36.62 ▲ 0.68% USD/VES 522.37 ▲ 0.98% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.59 ▼ 0.07% USD/TTD 6.71 ▲ 0.82% EUR/BRL 5.81 ▼ 0.89% BRENT 107.33 ▲ 2.20% WTI 100.71 ▲ 2.49% IRON ORE 161.91 — — COPPER 6.25 ▼ 0.64% GOLD 4,507 ▼ 0.55% SILVER 74.89 ▼ 1.27% SOY 1,198 ▼ 0.19% CORN 464.00 ▼ 0.38% WHEAT 653.75 ▼ 1.02% COFFEE 268.95 ▲ 0.24% SUGAR 14.89 ▲ 1.09% ORANGE JUICE 160.45 ▲ 4.09% COTTON 80.26 ▼ 1.64% COCOA 3,923 ▲ 0.87% BEEF 245.18 ▼ 3.68% CATTLE 365.83 ▼ 1.01% LITHIUM 83.49 ▲ 2.09% PETR4 44.60 ▼ 3.23% VALE3 82.00 ▲ 1.21% ITUB4 39.67 ▲ 2.30% BBDC4 17.86 ▲ 2.70% ABEV3 16.22 ▲ 2.59% BBAS3 20.70 ▲ 2.32% B3SA3 16.79 ▲ 5.66% WEGE3 42.58 ▲ 1.82% PRIO3 68.63 ▼ 1.00% SUZB3 42.20 ▲ 2.80% RENT3 44.47 ▲ 5.65% AZZA3 19.60 ▲ 4.37% CSAN3 4.32 ▲ 4.60% RAIZ4 0.42 ▲ 5.00% PCAR3 2.17 ▲ 1.40% GMAT3 4.42 ▲ 7.02% PSSA3 49.22 ▲ 3.32% CVCB3 1.80 ▲ 1.12% POSI3 4.17 ▲ 4.51% SLCE3 16.52 ▼ 1.61% NATU3 10.00 ▲ 2.67% BRKM5 12.18 ▲ 0.50% RANI3 7.96 ▲ 2.58% CSNA3 6.13 ▲ 3.90% CMIN3 4.50 ▲ 10.29% USIM5 9.61 ▲ 5.26% GGBR4 23.47 ▲ 1.95% ENEV3 25.21 ▲ 4.13% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 1.49% CMIG4 11.53 ▲ 1.95% EQTL3 38.55 ▲ 1.93% LREN3 14.70 ▲ 7.77% VIVT3 35.40 ▲ 2.34% RAIL3 15.02 ▲ 2.81% KLABIN 16.52 ▲ 2.61% RAIA DROGASIL 19.13 ▲ 3.24% RDOR3 34.99 ▲ 2.61% HAPV3 13.27 ▲ 4.41% FLRY3 15.80 ▲ 3.13% SMTO3 18.07 ▼ 1.53% UGPA3 29.02 ▲ 2.29% VBBR3 33.34 ▲ 2.05% BBSE3 34.71 ▲ 2.36% BPAC11 54.20 ▲ 2.13% CURY3 31.30 ▲ 8.53% AERI3 2.28 ▼ 1.30% VIVARA 22.66 ▲ 1.66% COMPASS 26.65 ▲ 3.41% VAMOS 3.41 ▲ 5.25% SANB11 27.45 ▲ 2.62% ASAI3 8.61 ▲ 5.51% SBSP3 29.15 ▲ 2.14% WALMEX 55.59 ▲ 0.04% GMEXICO 203.03 ▲ 1.32% FEMSA 209.64 ▼ 0.58% CEMEX 21.93 ▲ 2.52% GFNORTE 188.05 ▼ 2.01% BIMBO 59.94 ▲ 0.23% TELEVISA 9.81 ▼ 0.51% AMX 23.10 ▼ 0.39% GAP 431.82 ▲ 0.92% ASUR 310.50 ▲ 3.57% OMA 227.00 ▲ 0.76% KOF 184.15 ▲ 0.43% GRUMA 293.81 ▼ 1.40% KIMBER 38.82 ▲ 0.83% SQM-B 72,900 ▼ 0.40% COPEC 6,425 ▲ 0.39% BSANTANDER 70.10 ▲ 2.71% FALABELLA 5,600 ▲ 2.85% ENELAM 76.20 ▲ 0.26% CENCOSUD 2,180 ▲ 5.24% CMPC 1,095 ▲ 2.82% BANCO CHILE 171.90 ▲ 3.24% LATAM AIR 22.57 ▲ 7.22% YPF 69,800 ▼ 2.07% GGAL 6,235 ▲ 4.53% PAMPA 4,748 ▼ 3.16% TXAR 621.00 ▲ 1.47% ALUAR 915.00 ▲ 0.60% TGS 8,510 ▼ 5.60% CEPU 2,076 ▼ 0.43% MIRGOR 16,250 ▼ 1.37% COME 44.00 ▲ 1.73% LOMA NEGRA 3,210 ▲ 2.56% BYMA 277.00 ▼ 0.89% TELECOM ARG 3,488 ▲ 0.72% ECOPETROL 13.71 ▼ 2.14% BANCOLOMBIA 65.54 ▲ 2.82% GRUPO AVAL 4.23 ▲ 4.70% CREDICORP 333.27 ▲ 5.54% SOUTHERN COPPER 174.09 ▲ 3.01% BUENAVENTURA 33.89 ▲ 3.10% MERCADOLIBRE 1,651 ▲ 3.53% NUBANK 12.79 ▲ 4.07% XP 17.69 ▲ 6.12% PAGSEGURO 9.32 ▲ 4.13% STONE 11.05 ▲ 7.39% GLOBANT 41.79 ▲ 3.83% TECNOGLASS 40.88 ▲ 4.87% GAP AIRPORT 250.82 ▲ 2.28% ASUR 310.50 ▲ 3.57% OMA AIRPORT 105.13 ▲ 1.63% AMX ADR 26.68 ▼ 0.19% FEMSA ADR 121.55 ▼ 0.25% CEMEX ADR 12.67 ▲ 3.26% PETROBRAS ADR 19.83 ▼ 2.84% VALE ADR 16.35 ▲ 2.12% ITAU ADR 7.94 ▲ 3.39% SANTANDER BR 5.53 ▲ 4.54% AMBEV ADR 3.23 ▲ 2.54% CSN 1.25 ▲ 5.93% GERDAU 4.70 ▲ 3.07% LATAM ADR 50.37 ▲ 8.91% BTC 77,205 ▼ 0.33% ETH 2,113 ▼ 0.65% SOL 85.89 ▼ 0.18% XRP 1.37 ▲ 0.14% BNB 648.70 ▼ 0.02% ADA 0.25 ▼ 1.04% DOGE 0.10 ▲ 0.51% AVAX 9.32 ▲ 0.40% LINK 9.56 ▼ 0.66% DOT 1.25 ▲ 0.37% LTC 53.56 ▼ 0.64% BCH 374.08 ▲ 0.38% TRX 0.36 ▲ 0.71% XLM 0.14 ▼ 0.26% HBAR 0.09 ▼ 0.63% NEAR 1.75 ▲ 2.76% ATOM 2.03 ▲ 2.10% AAVE 88.13 ▲ 0.20% SELIC 14.50% EMBRAER 70.38 ▲ 2.54% EMBRAER ADR 56.48 ▲ 3.98% JBS 12.90 ▲ 3.28% JBS BDR 64.07 ▲ 2.43% MBRF3 17.67 ▲ 7.09% MBRFY 3.56 ▲ 6.91% INTER 6.18 ▲ 7.11% EGX 52,081 ▲ 0.28% USD/ZAR 16.55 ▲ 0.78% USD/NGN 1,370 — 0.00% NIKKEI 61,684 ▲ 3.14% CSI300 4,783 ▼ 1.39% HSI 25,387 ▼ 1.03% NIFTY 23,655 ▼ 0.02% KOSPI 7,816 ▲ 8.42% JCI 6,095 ▼ 3.54% USD/JPY 159.07 ▲ 0.13% USD/CNY 6.8019 ▲ 0.02% DAX 24,606 ▼ 0.53% CAC 8,079 ▼ 0.48% FTSE 10,382 ▼ 0.48% MIB 48,895 ▼ 0.58% IBEX 17,941 ▼ 0.61% STOXX 618.12 ▼ 0.35% EUR/USD 1.1614 ▼ 0.13% GBP/USD 1.3434 ▼ 0.03% SPX 7,433 ▲ 1.08% DJI 50,009 ▲ 1.31% NDX 29,298 ▲ 1.66% RUT 2,817 ▲ 2.56% TSX 34,162 ▲ 1.25% VIX 17.75 ▲ 1.78% USD/CAD 1.3763 ▲ 0.15% US10Y 4.5720 ▼ 2.04% IBOV 177,356 ▲ 1.77% IPSA 10,600 ▲ 2.40% IPC MEX 68,894 ▲ 0.49% MERVAL 2,788,517 ▲ 0.50% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.00 ▲ 0.10% USD/MXN 17.35 ▲ 0.20% USD/CLP 897.19 ▼ 0.13% USD/COP 3,715 ▼ 2.06% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,397 ▼ 0.11% USD/UYU 40.30 ▲ 1.86% USD/PYG 6,136 ▲ 2.65% USD/BOB 6.85 ▲ 1.31% USD/DOP 58.63 ▲ 0.14% USD/CRC 449.65 ▲ 2.13% USD/GTQ 7.62 ▲ 2.24% USD/HNL 26.60 ▲ 0.33% USD/NIO 36.62 ▲ 0.68% USD/VES 522.37 ▲ 0.98% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.59 ▼ 0.07% USD/TTD 6.71 ▲ 0.82% EUR/BRL 5.81 ▼ 0.89% BRENT 107.33 ▲ 2.20% WTI 100.71 ▲ 2.49% IRON ORE 161.91 — — COPPER 6.25 ▼ 0.64% GOLD 4,507 ▼ 0.55% SILVER 74.89 ▼ 1.27% SOY 1,198 ▼ 0.19% CORN 464.00 ▼ 0.38% WHEAT 653.75 ▼ 1.02% COFFEE 268.95 ▲ 0.24% SUGAR 14.89 ▲ 1.09% ORANGE JUICE 160.45 ▲ 4.09% COTTON 80.26 ▼ 1.64% COCOA 3,923 ▲ 0.87% BEEF 245.18 ▼ 3.68% CATTLE 365.83 ▼ 1.01% LITHIUM 83.49 ▲ 2.09% PETR4 44.60 ▼ 3.23% VALE3 82.00 ▲ 1.21% ITUB4 39.67 ▲ 2.30% BBDC4 17.86 ▲ 2.70% ABEV3 16.22 ▲ 2.59% BBAS3 20.70 ▲ 2.32% B3SA3 16.79 ▲ 5.66% WEGE3 42.58 ▲ 1.82% PRIO3 68.63 ▼ 1.00% SUZB3 42.20 ▲ 2.80% RENT3 44.47 ▲ 5.65% AZZA3 19.60 ▲ 4.37% CSAN3 4.32 ▲ 4.60% RAIZ4 0.42 ▲ 5.00% PCAR3 2.17 ▲ 1.40% GMAT3 4.42 ▲ 7.02% PSSA3 49.22 ▲ 3.32% CVCB3 1.80 ▲ 1.12% POSI3 4.17 ▲ 4.51% SLCE3 16.52 ▼ 1.61% NATU3 10.00 ▲ 2.67% BRKM5 12.18 ▲ 0.50% RANI3 7.96 ▲ 2.58% CSNA3 6.13 ▲ 3.90% CMIN3 4.50 ▲ 10.29% USIM5 9.61 ▲ 5.26% GGBR4 23.47 ▲ 1.95% ENEV3 25.21 ▲ 4.13% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 1.49% CMIG4 11.53 ▲ 1.95% EQTL3 38.55 ▲ 1.93% LREN3 14.70 ▲ 7.77% VIVT3 35.40 ▲ 2.34% RAIL3 15.02 ▲ 2.81% KLABIN 16.52 ▲ 2.61% RAIA DROGASIL 19.13 ▲ 3.24% RDOR3 34.99 ▲ 2.61% HAPV3 13.27 ▲ 4.41% FLRY3 15.80 ▲ 3.13% SMTO3 18.07 ▼ 1.53% UGPA3 29.02 ▲ 2.29% VBBR3 33.34 ▲ 2.05% BBSE3 34.71 ▲ 2.36% BPAC11 54.20 ▲ 2.13% CURY3 31.30 ▲ 8.53% AERI3 2.28 ▼ 1.30% VIVARA 22.66 ▲ 1.66% COMPASS 26.65 ▲ 3.41% VAMOS 3.41 ▲ 5.25% SANB11 27.45 ▲ 2.62% ASAI3 8.61 ▲ 5.51% SBSP3 29.15 ▲ 2.14% WALMEX 55.59 ▲ 0.04% GMEXICO 203.03 ▲ 1.32% FEMSA 209.64 ▼ 0.58% CEMEX 21.93 ▲ 2.52% GFNORTE 188.05 ▼ 2.01% BIMBO 59.94 ▲ 0.23% TELEVISA 9.81 ▼ 0.51% AMX 23.10 ▼ 0.39% GAP 431.82 ▲ 0.92% ASUR 310.50 ▲ 3.57% OMA 227.00 ▲ 0.76% KOF 184.15 ▲ 0.43% GRUMA 293.81 ▼ 1.40% KIMBER 38.82 ▲ 0.83% SQM-B 72,900 ▼ 0.40% COPEC 6,425 ▲ 0.39% BSANTANDER 70.10 ▲ 2.71% FALABELLA 5,600 ▲ 2.85% ENELAM 76.20 ▲ 0.26% CENCOSUD 2,180 ▲ 5.24% CMPC 1,095 ▲ 2.82% BANCO CHILE 171.90 ▲ 3.24% LATAM AIR 22.57 ▲ 7.22% YPF 69,800 ▼ 2.07% GGAL 6,235 ▲ 4.53% PAMPA 4,748 ▼ 3.16% TXAR 621.00 ▲ 1.47% ALUAR 915.00 ▲ 0.60% TGS 8,510 ▼ 5.60% CEPU 2,076 ▼ 0.43% MIRGOR 16,250 ▼ 1.37% COME 44.00 ▲ 1.73% LOMA NEGRA 3,210 ▲ 2.56% BYMA 277.00 ▼ 0.89% TELECOM ARG 3,488 ▲ 0.72% ECOPETROL 13.71 ▼ 2.14% BANCOLOMBIA 65.54 ▲ 2.82% GRUPO AVAL 4.23 ▲ 4.70% CREDICORP 333.27 ▲ 5.54% SOUTHERN COPPER 174.09 ▲ 3.01% BUENAVENTURA 33.89 ▲ 3.10% MERCADOLIBRE 1,651 ▲ 3.53% NUBANK 12.79 ▲ 4.07% XP 17.69 ▲ 6.12% PAGSEGURO 9.32 ▲ 4.13% STONE 11.05 ▲ 7.39% GLOBANT 41.79 ▲ 3.83% TECNOGLASS 40.88 ▲ 4.87% GAP AIRPORT 250.82 ▲ 2.28% ASUR 310.50 ▲ 3.57% OMA AIRPORT 105.13 ▲ 1.63% AMX ADR 26.68 ▼ 0.19% FEMSA ADR 121.55 ▼ 0.25% CEMEX ADR 12.67 ▲ 3.26% PETROBRAS ADR 19.83 ▼ 2.84% VALE ADR 16.35 ▲ 2.12% ITAU ADR 7.94 ▲ 3.39% SANTANDER BR 5.53 ▲ 4.54% AMBEV ADR 3.23 ▲ 2.54% CSN 1.25 ▲ 5.93% GERDAU 4.70 ▲ 3.07% LATAM ADR 50.37 ▲ 8.91% BTC 77,205 ▼ 0.33% ETH 2,113 ▼ 0.65% SOL 85.89 ▼ 0.18% XRP 1.37 ▲ 0.14% BNB 648.70 ▼ 0.02% ADA 0.25 ▼ 1.04% DOGE 0.10 ▲ 0.51% AVAX 9.32 ▲ 0.40% LINK 9.56 ▼ 0.66% DOT 1.25 ▲ 0.37% LTC 53.56 ▼ 0.64% BCH 374.08 ▲ 0.38% TRX 0.36 ▲ 0.71% XLM 0.14 ▼ 0.26% HBAR 0.09 ▼ 0.63% NEAR 1.75 ▲ 2.76% ATOM 2.03 ▲ 2.10% AAVE 88.13 ▲ 0.20% SELIC 14.50% EMBRAER 70.38 ▲ 2.54% EMBRAER ADR 56.48 ▲ 3.98% JBS 12.90 ▲ 3.28% JBS BDR 64.07 ▲ 2.43% MBRF3 17.67 ▲ 7.09% MBRFY 3.56 ▲ 6.91% INTER 6.18 ▲ 7.11% EGX 52,081 ▲ 0.28% USD/ZAR 16.55 ▲ 0.78% USD/NGN 1,370 — 0.00% NIKKEI 61,684 ▲ 3.14% CSI300 4,783 ▼ 1.39% HSI 25,387 ▼ 1.03% NIFTY 23,655 ▼ 0.02% KOSPI 7,816 ▲ 8.42% JCI 6,095 ▼ 3.54% USD/JPY 159.07 ▲ 0.13% USD/CNY 6.8019 ▲ 0.02% DAX 24,606 ▼ 0.53% CAC 8,079 ▼ 0.48% FTSE 10,382 ▼ 0.48% MIB 48,895 ▼ 0.58% IBEX 17,941 ▼ 0.61% STOXX 618.12 ▼ 0.35% EUR/USD 1.1614 ▼ 0.13% GBP/USD 1.3434 ▼ 0.03% SPX 7,433 ▲ 1.08% DJI 50,009 ▲ 1.31% NDX 29,298 ▲ 1.66% RUT 2,817 ▲ 2.56% TSX 34,162 ▲ 1.25% VIX 17.75 ▲ 1.78% USD/CAD 1.3763 ▲ 0.15% US10Y 4.5720 ▼ 2.04%
since 2009
Thursday, May 21, 2026

Chile Stock Market Jumps 2.4% and Recovers the GDP-Miss Loss in a Single Session

By · May 21, 2026 · 4 min read

Live ticker intelligence

Chile Live Market Board

Live market data
May 21, 08:11

IPSA
10,600
+2.40%

USD/CLP
897.19
-0.13%

COPPER
6.25
-0.64%

SQM-B
72,900
-0.40%

Instrument Last Change YoY Prev. High Low Volume
IPSA 10,600 +2.40% 10,351 10,622 10,351 1,568,735,320
USD/CLP 897.19 -0.13% -4.80% 898.34 897.19 897.19
COPPER 6.25 -0.64% +34.77% 6.29 6.37 6.24 13,276
SQM-B 72,900 -0.40% +124.98% 73,190 74,800 72,000 301,977
COPEC 6,425 +0.39% -6.96% 6,400 6,531 6,386 598,804
BSANTANDER 70.10 +2.71% +17.22% 68.25 71.21 68.79 179,327,355
FALABELLA 5,600 +2.85% +17.89% 5,445 5,618 5,470 1,609,897
ENELAM 76.20 +0.26% -21.85% 76.00 77.32 75.01 28,399,191
CENCOSUD 2,180 +5.24% -31.83% 2,072 2,230 2,095 3,613,004
CMPC 1,095 +2.82% -29.26% 1,065 1,119 1,065 3,467,170
BANCO CHILE 171.90 +3.24% +17.72% 166.50 172.99 165.00 104,893,411
LATAM AIR 22.57 +7.22% +29.56% 21.05 22.68 20.95 1,056,969,238
SOUTHERN COPPER 174.09 +3.01% +98.44% 169.00 175.19 169.21 925,650

Largest live moves in this report universe

LATAM AIR
22.57
+7.22%
CENCOSUD
2,180
+5.24%
BANCO CHILE
171.90
+3.24%
SOUTHERN COPPER
174.09
+3.01%
FALABELLA
5,600
+2.85%
CMPC
1,095
+2.82%
BSANTANDER
70.10
+2.71%
IPSA
10,600
+2.40%

Live cross-market prices, session ranges and volume update through the day, giving each report a richer read on the instruments that matter most for the session.

Thursday, May 21, 2026 · Covering Wednesday May 20 session
Summary

IPSA Chile today reflects Wednesday’s 2.40% surge to 10,599.69, the strongest single-day move in the region. The Iran de-escalation relief, amplified by Chile’s copper anchor, lifted the index back through the cloud and recovered Tuesday’s GDP-miss loss and more.

The Big Three

1.
IPSA closed Wednesday at 10,599.69 (+2.40%, +248.83 pts), the strongest LatAm session of the day. The index opened at Tuesday’s close, ran to a 10,622 high, and closed near it — a bullish reversal candle that recovered Tuesday’s 1.12% give-back and more, reclaiming the cloud and Kijun cluster near 10,535 toward the 50-DMA at 10,743.
2.
The surge had two engines. The Senate move to curb Trump’s Iran war powers pulled global yields and oil lower, the relief that lifted Brazil 1.77%. Chile’s copper anchor amplified it: lower oil and a softer dollar firmed the copper-sensitive peso, and the metal’s steadiness near $4.50/lb let the oversold index snap back hard.
3.
RSI rebounded to 45.99 fast, 42.67 slow — off Tuesday’s 36.39 oversold low. The MACD histogram healed sharply to −41.82 from −61.94. The structural case holds: 14% consensus EPS growth and the June BCCh cut path toward 4.25%, which the Q1 GDP miss strengthens. The 50-DMA at 10,743 is the next gate.
IPSA Close
10,599.69
+2.40%
50-DMA
10,743
Next gate
BCCh Rate
4.50%
June cut path
RSI Fast
45.99
Off oversold

02 Session Data

Metric Value Change Context
IPSA close 10,599.69 +2.40% Strongest LatAm move
Intraday range 10,351 – 10,622 271 pts Open at low, close at high
Cloud / Kijun 10,535 Reclaimed Now support
RSI fast / slow 45.99 / 42.67 Recovering From Tuesday 36.39
MACD histogram −41.82 Healing From −61.94
50-DMA 10,743 1.4% above Next resistance
200-DMA 10,088 4.8% below Structural floor
Source: BCS, BCCh, Cochilco, TradingView. Snapshot: May 21, 2026 06:16 UTC.

03 Why It Surged

External Trigger: Regional relief through the copper channel

The Senate move to curb Trump’s Iran war powers pulled global yields and oil lower, the relief that lifted the region. Chile’s copper anchor amplified it: a softer dollar and lower oil firmed the copper-sensitive peso, and with the metal steady near $4.50/lb the oversold index snapped back hard — outpacing Brazil’s 1.77% and Mexico’s 0.49%.

Local Driver: Oversold snapback meets the rate-cut case

Tuesday’s GDP-miss give-back left the IPSA oversold at RSI 36.39, primed for a bounce once external pressure lifted. The recovery also leans on the rate-cut case: the −0.5% Q1 contraction strengthens the June BCCh cut argument toward 4.25%. The bad-news-is-good-news dynamic reasserted with the regional tailwind behind it.

§04 · Market Commentary

The +2.40% surge is the cleanest reversal of the week. After three sessions absorbing the Q1 GDP miss, the IPSA snapped back the moment external pressure lifted — the copper anchor transmitting relief faster than peers. The reclaim of the cloud and Kijun cluster marks a genuine momentum shift, not a dead-cat bounce.

The structure now favors continuation. RSI lifting off oversold and the MACD healing to −41.82 confirm the selling has exhausted. The 50-DMA at 10,743 is the immediate gate; clearing it reopens 10,800. The Kast uptrend holds well above the 200-DMA at 10,088. The June BCCh cut and copper above $4.50/lb decide the next leg.

05 Technical Snapshot

Chile IPSA S&P BCS daily chart May 20 2026 close 10599.69 +2.40% strongest LatAm rebound recovered GDP-miss loss copper relief reclaimed cloud Kijun 10535 RSI 46 MACD healing 50-DMA 10743 200-DMA 10088

S&P IPSA daily, BCS. TradingView · May 21, 2026 06:16 UTC

IPSA closed at 10,599.69 after opening at Tuesday’s low and running to a 10,622 high — a bullish reversal candle. The close reclaimed the cloud and the Kijun cluster near 10,535, now support, with the 50-DMA at 10,743 the next gate toward 10,800. The 200-DMA at 10,088 is the 4.8% floor. MACD histogram −41.82 healed sharply from −61.94. RSI fast 45.99, slow 42.67 — off the oversold lows.

Resistance: 10,743 (50-DMA) → 10,803 (upper band) → 10,910
Support: 10,535 (Kijun) → 10,272 → 10,088 (200-DMA)
Invalidation: A daily close back below the 10,535 Kijun negates the reversal.

06 Forward Look

This week · The 50-DMA
A close above 10,743 confirms the reversal toward 10,800. A fade below the Kijun stalls the recovery at the cloud.
This week · Copper $4.50/lb
The transmission channel. Copper above $4.50 keeps the peso firm and the rebound intact; a drop below removes the cushion.
June 1 · May Imacec
First post-Q1 print. Another negative confirms Q2 weakness; a positive validates a sustained recovery.
June · BCCh meeting
The Q1 miss strengthens the cut case to 4.25%. The Iran-Hormuz fuel pass-through is the remaining obstacle.

07 Questions & Answers

Why did the IPSA jump 2.4%?
Regional relief through the copper channel. The Senate move to curb Trump’s Iran war powers pulled global yields and oil lower, and Chile’s copper anchor amplified it — a softer dollar firmed the peso, letting the oversold index snap back. The +2.40% move outpaced Brazil and Mexico because the copper transmission turned the relief into the strongest LatAm session.
Is the GDP-miss correction over?
The recovery looks genuine. After three sessions absorbing the −0.5% Q1 contraction, the reversal candle, the reclaim of the cloud and Kijun, and the MACD healing mark a momentum shift, not a dead-cat bounce. The miss also strengthens the June cut case toward 4.25%. The 50-DMA at 10,743 tests whether the recovery has legs.
Why does copper drive the IPSA so strongly?
Copper is Chile’s dominant export and the peso’s anchor. A 1% copper move correlates with a 0.3–0.4% peso move, so when the metal holds firm the currency and dollar equity returns hold with it. Copper near $4.50/lb is the cushion that lets the IPSA outperform on the way down and snap back faster on the way up.

Verdict

Wednesday’s 2.40% surge to 10,599.69 was the strongest LatAm session of the day, recovering Tuesday’s GDP-miss loss and more. The Iran de-escalation relief, amplified by Chile’s copper anchor, lifted the index back through the cloud and the Kijun cluster. RSI rebounded off oversold to 45.99 and the MACD histogram healed sharply. The 50-DMA at 10,743 is the next gate toward 10,800. The June BCCh cut case and copper holding $4.50/lb are the catalysts. The Kast uptrend holds.

Related: Tuesday’s GDP-miss give-back · Brazil’s Iran-relief rebound · Mexico clears its gate.

Gate today: 50-DMA 10,743. Clear = path to 10,800; below Kijun 10,535 = reversal negated.

Disclaimer: This report is editorial market analysis based on publicly available data. It is not investment advice. Markets carry risk; consult a licensed professional before trading.

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