Key Facts
The S&P IPSA, Chile’s benchmark stock index, closed at 11,275 points, a gain of 1.05% for the session and snapping a recent cautious streak.
Heavyweight lithium producer SQM-B jumped 3.7% on the day, leading the market higher as global demand expectations for the battery metal firmed up.
The Chilean peso weakened 0.25% to close at 915.84 per US dollar, even as the local stock market found strong footing from retail and commodity names.
Consumer-facing giants Falabella and Cencosud added 0.9% and 2.0% respectively, providing a broad base to the rally with solid turnover.
