It was a week of swings, but the balance favored the Chilean stock market. The IPSA closed Friday, November 6, at 10,536.54 points, up 0.68% on the day and 2.75% for the week, according to Diario Estrategia and Diario Financiero. Measured in dollars, the weekly gain was 4.2%. In both cases it is the best weekly return since June 12.
The dollar ended Friday at CLP 979.1, practically unchanged on the day but with a weekly drop of CLP 14.7, according to DF with Bloomberg data. Copper, by contrast, had a bad week: it closed at US$6.33 a pound, down 3.42% for the week, according to the weekly report from Cochilco, Chile's state copper commission.
View the data as a table
| IPSA | 10,536.54 |
| Dollar | $979.1 |
| Copper | US$6.33 |
| IPSA in dollars | +4.2% |
How the IPSA closed the week
The week had three moments. On Wednesday the 4th, after the Democratic win in the US midterm elections, the IPSA posted its best session since June: it rose 2.52% to 10,627.08 points, according to DF. On Thursday the 5th it gave back part of the gain, falling 1.52% to 10,465.25 points, dragged down by Wall Street's worst session since April 2025, which we covered in Wall Street's drop after the midterms. On Friday the 6th it rose again, by 0.68%.
| Day | IPSA close (points) | Daily change |
|---|---|---|
| Wednesday, November 4 | 10,627.08 | +2.52% |
| Thursday, November 5 | 10,465.25 | -1.52% |
| Friday, November 6 | 10,536.54 | +0.68% |
| Full week | — | +2.75% |
Source: DF, Diario Estrategia and Diario Estrategia, closes from November 4 to 6, 2026. Monday the 2nd and Tuesday the 3rd are not included because we did not find a published official close for those days.
On Friday the biggest gain was Cencosud (+3.1%), which had fallen 4.3% on Thursday and that same afternoon reported a 9.2% increase in third-quarter revenue, as we review in Cencosud's results. It was followed by SQM (+2%) and Copec (+0.7%). The most relevant decline was CMPC (-0.8%), which reported a quarterly loss on Thursday, according to DF.
The dollar ended the week down CLP 14.7
The exchange rate touched CLP 984 before noon on Friday and ended at CLP 979.1. That day the dollar index (DXY) rose 0.7% globally because US jobs data surprised: 165,000 nonfarm jobs were added in October, against 70,000 expected, and the unemployment rate fell to 4.1%, according to DF. Calmer stock markets helped keep the Chilean peso from weakening.
The observed dollar published by the Central Bank shows the same path. The value in force on Monday, November 9, calculated from Friday's trades, is CLP 979.88; a week earlier, the value in force on Monday the 2nd was CLP 992.66. The full series for the year is in the dollar today in Chile.
View the data as a table
| Observed dollar | |
|---|---|
| Oct 13 | $978.61 |
| Oct 14 | $980.79 |
| Oct 15 | $987.03 |
| Oct 16 | $984.09 |
| Oct 19 | $981.65 |
| Oct 20 | $981.86 |
| Oct 21 | $978.56 |
| Oct 22 | $976.82 |
| Oct 23 | $986.58 |
| Oct 26 | $990.35 |
| Oct 27 | $994.29 |
| Oct 28 | $985.14 |
| Oct 29 | $981.08 |
| Oct 30 | $993.22 |
| Nov 2 | $992.66 |
| Nov 3 | $981.82 |
| Nov 4 | $980.59 |
| Nov 5 | $970.95 |
| Nov 6 | $970.94 |
| Nov 9 | $979.88 |
Does your brokerage, bank or exchange house want to reach readers who follow the IPSA and the dollar every week? Advertise on Pauta Financiera.
See advertising optionsThe euro followed the same path: the observed euro fell from CLP 1,107.26 on Monday the 2nd to CLP 1,090.94 on Friday the 6th, according to the Central Bank. And the UF, worth CLP 41,284.83 this Saturday, will start rising faster from Tuesday the 10th, when it begins to reflect October's 0.5% CPI. For those with savings or debts in dollars, the week left a somewhat lower exchange rate; for those planning to buy dollars for a trip, exchange houses and banks usually charge more than the observed rate.
Why copper fell during the week
Cochilco attributes the 3.42% drop to the US elections and the fall in AI-linked stocks, which weakened expectations for investment and copper demand. The Democratic win in both chambers changed bets on possible tariffs on refined copper and on data center expansion, although the commission notes that the election does not by itself remove tariffs or cancel projects, because the executive keeps its trade powers.
On the other side, metal shortages in China and cuts to mining output forecasts offset part of the pressure. The year-to-date average is still high: US$6.15 a pound, 39.8% above the same period of 2025, according to the same source. How the price is set and how it has moved this year are in the copper price today.
| Indicator | Weekly close | Weekly change | Source |
|---|---|---|---|
| IPSA | 10,536.54 points | +2.75% | Diario Estrategia |
| IPSA in dollars | — | +4.2% | DF |
| Dollar | CLP 979.1 | -CLP 14.7 (-1.5%) | DF / Bloomberg |
| Copper | US$6.33 a pound | -3.42% | Cochilco |
Source: Diario Estrategia, DF, DF and Cochilco, week of November 2-6, 2026. The dollar's percentage change is a Pauta Financiera calculation based on the CLP 14.7 drop.
Wall Street closed mixed, and what comes next week
After Thursday's plunge, New York stocks closed mixed on Friday: the Nasdaq rose 1.1%, the S&P 500 0.3% and the Dow Jones fell 0.5%, according to DF. In Chile, swap rates fell 3 to 4 basis points after October CPI (0.5% month on month and 4.5% annual) came in a tenth below expectations, according to DF; details are in the October CPI.
- Tue Nov 3US midterm electionsDemocrats win both chambers
- Wed Nov 4IPSA +2.52%Best session since June
- Thu Nov 5Wall Street plungesIPSA -1.52%; Cencosud and CMPC report
- Fri Nov 6October CPI and US jobsIPSA +0.68%; dollar at CLP 979.1
- Nov 17Financial Stability ReportCentral Bank
- Nov 18Third-quarter GDPCentral Bank
On the local calendar, the Central Bank will publish the Financial Stability Report on November 17 and third-quarter GDP on November 18. Meanwhile, the earnings season for IPSA companies continues. What the index is and which companies make it up is in our guide to the IPSA. This article is informative and does not constitute investment advice.
Frequently asked questions about the IPSA close
Where did the IPSA close on Friday, November 6, 2026?
At 10,536.54 points, up 0.68% on the day and 2.75% for the week.
How much did the dollar fall during the week?
CLP 14.7, to CLP 979.1 at Friday's close, according to DF. The observed dollar in force on Monday the 9th is CLP 979.88.
What is the copper price?
It closed the week at US$6.33 a pound, down 3.42%, according to Cochilco. The 2026 average is US$6.15.
Why did Chilean stocks rise if Wall Street fell?
Because Wednesday's gain (+2.52%) was larger than Thursday's drop (-1.52%), and on Friday better-than-expected results, such as Cencosud's, added to it.
