Chilean assets gained Monday after opposition conservatives dealt a significant blow to the progressive agenda of President Gabriel Boric in elections for a new Constitutional Council. The peso strengthened as much as 0.9% against the dollar, leading emerging-market currencies higher, while the benchmark S&P IPSA index rose as much as 1.9%, heading for its highest close since Sept. 14. Right-wing candidates won 33 seats Sunday on the Council charged with drafting a new constitution, more than the three-fifths majority needed to push through articles without the support of the left. While the vote doesn’t change the ... (full story)