Kast, Chile and President
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19hon MSN
Hard-right former lawmaker José Antonio Kast leads in Chile's polarizing presidential runoff
A hard-right former lawmaker and admirer of U.S. President Donald Trump held the upper hand as Chile headed to a polarizing presidential runoff against a member of Chile's Communist Party representing the incumbent government.
Jose Antonio Kast's far-right Republican Party made strong gains in both chambers of Congress following Chile's Sunday presidential election, but fell short of majorities and will need to forge alliances to pass reforms.
The presidential runoff election will be between Jeannette Jara, a progressive from President Gabriel Boric’s governing coalition, and far-right former congressman José Antonio Kast
The outcome of the first-round vote in Chile's presidential election should be positive for the peso, stocks and bonds, analysts said on Monday, expecting this could potentially pave the way for more market-friendly initiatives.