Stock Track | LATAM Airlines Soars 5.24% Pre-market Amid Chilean Political Developments

Stock Track11-17

LATAM Airlines Group SA (LTM) saw its shares surge 5.24% in pre-market trading on Monday, as U.S.-listed Chilean companies experienced a broad rally. The airline's stock movement is part of a wider trend affecting multiple Chilean firms listed on U.S. exchanges.

The uptick in LATAM Airlines' share price comes as far-right presidential candidate Jose Antonio Kast is favored to win the runoff election in Chile next month. This political development has sparked investor optimism, leading to significant pre-market gains for several Chilean companies.

Other notable Chilean stocks also saw substantial increases, with Compania Cervecerias Unidas up 5.6% and SQM shares rising 5.3% in pre-market trading. The positive sentiment extends beyond the airline and beverage sectors, with financial institutions like Banco Santander Chile and Banco de Chile also experiencing notable gains.

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