Chile's Stock Market Climbs a Second Day as Copper Holds Firm

Chile's stock market steadies for a second day after a Fed scare as copper holds firm. The IPSA rose 0.47% to 10,888.43, gaining about 51 points, on Friday, marking the market's second straight advance after a week of turbulence tied to U.S. rate signals. The session opened at 10,836.99, dipped to 10,829.15, then climbed to a high of 10,910.22 before settling near the day’s end. Copper, accounting for roughly half of Chile's exports, underpins the peso and the largest miners, while investors anticipate further domestic rate cuts as the central bank moves toward its neutral range. Analysts say the rebound remains patient and internally driven, with room for gains if the dollar stays contained and policy stays supportive, even as the index remains about 7% below its late-January peak. The central driver remains copper strength, which supports revenues and fiscal stability, while expectations of rate cuts and a tax reform by President Kast bolster earnings for domestic companies.