PereiraThis was due to less uncertainty and lower risk premia ahead with expectations that the outcome may force a more moderate and gradual reform impulse, Pereira added."We believe both real and financial investors would prefer that if the current constitution has to be reformed, it’s done by the Congress or a committee of notables."
London-listed miner Antofagasta saw its shares gain around 2% on Monday, outpacing gains in the STOXX Basic Resources Index .SXPP, which was up 0.8%. Chile is the world's top copper producer and is home to global copper giants like Codelco, BHP, Anglo American and Glencore, as well as Antofagasta. Chile's peso CLP= has fallen some 3% since the start of the year, making it an outlier in the Latin America region which has seen currencies from Brazil's real BRL=, Peru's sol PEN= and Mexico's peso MXN= chalk up solid gains in 2022.
Source: News Formal (newsformal.com)
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