Live Breaking News & Updates on Convention To Rewrite Pinochet Era Constitution

Stay updated with breaking news from Convention to rewrite pinochet era constitution. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Chile Assets Fall After Government Coalition Crushed in Vote

Chilean Assets Slump as Government Suffers Crushing Vote Defeat
Bloomberg
1 hr ago
Eduardo Thomson and Valentina Fuentes
(Bloomberg) Chilean assets plunged after the ruling coalition suffered a crushing electoral defeat that placed the writing of a new constitution largely in the hands of left-wing parties.
The benchmark stock exchange tumbled 7%, while the peso cratered as much as 2.9% to 720 per dollar, on track for the biggest decline since November 2019 when a series of protests wracked the country. Chile’s dollar bonds due in 2031 dropped to a two-month low.
Candidates from the ruling coalition obtained just 37 of 155 seats on the assembly designed to write a new constitution, according to data consultancy firm Unholster, far less than expected. Contenders unaffiliated with any political parties secured 65 seats. The result deprived the right of the one-third threshold they needed to reach to veto clauses in the new charter. ....

United States , City Of , United Kingdom , Jorge Selaive , Claudio Fuentes , Guido Chamorro , Felipe Mora , Marcelo Hernandez Getty , Sebastian Pinera , Augusto Pinochet , Universidad Diego Portales , Jennifer Pribble , Pictet Asset Management , Constitutional Assembly , Chileans Elect Members , Convention To Rewrite Pinochet Era , Getty Images Chileans Elect Members , Convention To Rewrite Pinochet Era Constitution , Pictet Asset Management Limited , Latin America , Associate Professor , Political Science , Chile Vamos , Scotiabank Chile , President Sebastian Pinera , Christian Democrats ,

Chilean Assets Slump as Government Suffers Crushing Vote Defeat

Chilean Assets Slump as Government Suffers Crushing Vote Defeat
Bloomberg
2 hrs ago
Eduardo Thomson and Valentina Fuentes
(Bloomberg) Chilean assets plunged after the ruling coalition suffered a crushing electoral defeat that placed the writing of a new constitution largely in the hands of left-wing parties.
The benchmark stock exchange tumbled 7%, while the peso cratered as much as 2.9% to 720 per dollar, on track for the biggest decline since November 2019 when a series of protests wracked the country. Chile’s dollar bonds due in 2031 dropped to a two-month low.
Candidates from the ruling coalition obtained just 37 of 155 seats on the assembly designed to write a new constitution, according to data consultancy firm Unholster, far less than expected. Contenders unaffiliated with any political parties secured 65 seats. The result deprived the right of the one-third threshold they needed to reach to veto clauses in the new charter. ....

United States , City Of , United Kingdom , Claudio Fuentes , Frente Amplio , Guido Chamorro , Felipe Mora , Marcelo Hernandez Getty , Sebastian Pinera , Karina Oliva , Augusto Pinochet , Universidad Diego Portales , Jennifer Pribble , Pictet Asset Management , Chileans Elect Members , Convention To Rewrite Pinochet Era , Getty Images Chileans Elect Members , Convention To Rewrite Pinochet Era Constitution , Pictet Asset Management Limited , Latin America , Bloomberg Chile , Communist Party , Santiago Metropolitan Region , Associate Professor , Political Science , President Sebastian Pinera ,