LatinNews Daily - 20 July 2021

In brief: Chilean markets rise in response to primaries’ results

* The index for the Santiago stock exchange (IPSA) in Chile has increased by 1.9%, bucking the trend which saw most Latin America-listed stocks fall yesterday (19 July). The uptick followed the results of presidential primaries for the 21 November elections which saw moderate candidates edge out over their more radical opponents. Gabriel Boric, of the more moderate Frente Amplio (FA) coalition defeated Daniel Jadue, the candidate of the radical left-wing Partido Comunista de Chile (PCCh), to secure the presidential candidacy for Apruebo Dignidad while independent candidate Sebastían Sichel defeated Joaquín Lavín, the candidate of the conservative Unión Demócrata Independiente (UDI), to take the nomination for the ruling right-of-centre Chile Vamos.

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