Chile Stocks Slip 0.82% as LATAM Falls 8.7% | Chile Market Report, Oct 28
Chile’s IPSA index fell 0.82% to 10,677.88 on Wednesday as LATAM Airlines lost 8.7% and Entel 7.8%; the peso weakened about 0.3% to 988 per dollar. The post Chile Stocks Slip 0.82% as LATAM Falls 8.7% | Chile Market Report, Oct 28 appeared first on The Rio Times .
Chile's S&P IPSA index slipped 0.82% to 10,677.88 points on Wednesday, reversing much of Tuesday's 1.81% gain. LATAM Airlines and telecom operator Entel led the decline, with LATAM shares down 8.7% and Entel down 7.8%, driven by rising oil prices. Copec, a fuel and forestry group, slightly rose 1.6%. The Chilean peso weakened 0.3% against the US dollar to 988 per dollar.
Copper remained strong, with the US-listed copper fund CPER up 0.70% to US$40.33. The Chilean central bank kept its policy rate at 4.5%. Chile's market relies heavily on copper, lithium, and travel, making it vulnerable to oil and global rate fluctuations. Most large names moved less than 2%, indicating stock-specific selling rather than a broad market retreat.
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