Chile's surprise cancellation of a summit of world leaders highlights just how serious anti-government protests have become in the country.
Chile's protests are being viewed as a much bigger economic risk for the world's largest copper producer than they had been when they first erupted.
t highlights how serious anti-government protests have become in the country, viewed by many as the economic crown jewel of Latin America. The government also said it would not be able to host a global climate summit planned for Dec. 2 to 13. The gathering of world leaders at the APEC summit was expected to be an important meeting place for President Donald Trump and President Xi Jinping to finalize a first phase trade agreement.
For investors, political uncertainty has become a bigger risk across the emerging and developed world, and it has not impacted all markets equally. In Argentina, for instance, voters on Sunday elected Peronist Alberto Fernandez, a leftist candidate, and the stock market there had fallen sharply even before the election.
Markwith said Chile's problems have not resulted in financial contagion, but there could be a psychological or social effect on other countries.
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