On November 16, Chile will hold its presidential elections — a pivotal political event that shapes the country’s future leadership and can send ripples through global markets. Understanding its implications is essential for traders and investors focused on emerging markets, commodities, and Latin American assets.
The presidential elections in Chile are a key political event during which the country’s citizens elect the head of state for a 4-year term.
The elections have been held regularly since 1989 after the restoration of democracy; the current vote is the 10th in total.
This event can significantly impact the markets, especially the Chilean peso (CLP), shares of Chilean companies, as well as copper prices — the country’s main export commodity — depending on the candidates’ political programs and their stance on business and regulation.
The event is localized in Chile; only Chilean citizens (including those abroad) can participate, and it is possible to attend as an observer through international election observation missions.
Traders working with emerging market currencies, commodity traders (especially in copper), and investors in Latin American assets and ETFs should keep this event in mind.