Chile’s Election of Leftist as President Shakes Nation’s Markets

SANTIAGO, Chile—The election of a leftist politician as president in Chile triggered marketplaces to tumble on Monday as investors fear an  financial overhaul in Latin America’s most prosperous design of free of charge marketplace orthodoxy and the residence to the world’s greatest copper mines.

Immediately after former protest leader Gabriel Boric scored a landslide victory in Chile Sunday, investors get worried that he will embark on an formidable transformation of a company-friendly region that has extensive been a magnet for overseas investment decision. Influential leftists in his coalition, as properly as young voters who overwhelmingly backed him, have extensive supported Mr. Boric’s original proposals for a major revamp of Chile’s financial procedure.