The S&P/CLX IPSA opened higher this Tuesday, climbing to 11,265.57 points during the morning session. The upward trend was driven by strong performance in the mining sector and signals suggesting a potential resumption of diplomatic negotiations between the United States and Iran.
The metals market provided the primary boost following a copper rally on the COMEX exchange. Copper prices rose to $6.07 per pound, breaking through the $6 threshold.
This environment directly benefited SQM-B shares, which surged 6.17% during the previous session. The sector's momentum encouraged capital inflows into mining-related companies.
The index's gains also included positive performance from other components of the Santiago Stock Exchange. LATAM shares rose 3.05%, while Vapores climbed 1.70%.
With these results, the Chilean benchmark index reached its highest levels since mid-February.
US Dollar Opens Lower
The foreign exchange market saw a significant correction in the value of the US dollar. The dollar opened nearly 10 Chilean pesos lower than its previous close.
At the start of trading, the currency was trading around $885. The price was set at $884.40 for the buy position and $885.65 for the sell position.
