Latin American Economy & Business Report

12/2020 - Chilean business fears a ‘wiki-constitution’

When Chileans voted at the end of October in favour of convening a constituent assembly to draft a new constitution, the stock market was unimpressed, registering a 2.7% share price fall on the Monday after the vote. Over the two subsequent weeks, share prices dipped by a further 5% while the Chilean peso appreciated 3%. Business is in at least two minds over the changes that the re-writing of the constitution will bring about.

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