Chile stocks, peso jump after conservative wins presidency

  • AP Photo/Esteban Felix

    Chilean President Michelle Bachelet, left, and president-elect Sebastian Pinera, a former president, embrace during a photo opportunity one day after elections in Santiago, Chile, Monday.

SANTIAGO, Chile — Investors gave a warm welcome Monday to the easy victory by former President Sebastian Pinera in a presidential runoff election that is swinging Chile back to the right.