Chile's peso and stocks strengthened, while bond yields ticked lower, as analysts viewed the first-round vote in Chile's presidential election as potentially paving the way for more market-friendly initiatives under a right-wing government.

The first round of Chile’s presidential election was marked by divided opinions on how to address insecurity and organized crime.

Chileans are heading to the polls on Sunday to elect a president as one of Latin America’s wealthiest nations faces the unfamiliar challenges of high crime, clandestine migration and a torpid economy.

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.

Chileans rallied behind hard-line conservatives in elections Sunday as anger over crime and immigration pushes the country to the right— setting the stage for a possible alignment with Trump.

Chile heads to the polls on Sunday, in a fiercely polarized election that mirrors the region's struggles with crime, inflation, and economic stagnation.

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.

Chile faces a stark range of candidates in Sunday’s presidential election where the frontrunners include a longtime Communist Party member and two ultraconservatives.