Chile Markets: IPSA & the Peso — September 30, 2026
Chile's IPSA fell 0.73% to 11,055.91 on Tuesday, a fourth straight loss, as the peso weakened to 972.98 per US dollar, its weakest close in more than a year. The post Chile Markets: IPSA & the Peso — September 30, 2026 appeared first on The Rio Times .
On Tuesday, 29 September 2026, Chile's stock market experienced a decline, with the S&P IPSA — Santiago's benchmark index — closing 0.73% lower at 11,055.91 points. This marked the fourth consecutive day of losses for the index, which has now fallen 4.9% below its 52-week high of 11,628 points, set on 28 January. Meanwhile, the Chilean peso weakened by 0.48% to 972.98 per US dollar, its weakest level in over a year as the US dollar strengthened.
The dollar index rose 0.17%, and US ten-year Treasury yields remained near 5.25%. Financial and retail shares suffered the most significant declines, with Banco de Chile dropping 2.8%, Falabella falling 2.5%, and fuel distributor Copec losing 2.1%. Despite the negative sentiment, lithium miner SQM-B gained 1.4%. The situation was driven by the stronger US dollar, which gained 0.17% to 101.37, and the US ten-year Treasury yield of 5.249%.
High US yields attract investments away from emerging markets, and copper prices also contributed to the peso's decline, as Comex copper futures ended 0.3% lower at US$6.54 per pound. No major Chile-specific events triggered the market's downturn, with the weakening dollar, concentration of selling in domestic companies, and lack of copper support being the key factors.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
