Chilean conservative presidential candidate Sebastian Pinera gestures during a campaign rally in Santiago, Chile September 20, 2017. REUTERS/Ivan Alvarado
SANTIAGO (Reuters) - Chile's stock market has priced in a victory of conservative presidential candidate Sebastian Pinera, even though progressive candidates could form an alliance in a December runoff, traders and analysts said.
The IPSA stock market index has surged 27 percent this year and is on track for its best year since 2010, spurred by a rebound in prices of top-export copper and polls that have shown Pinera ahead in the race.
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