Chile’s Incoming Leftist President Moves to Calms Markets

Chile’s President-elect Gabriel Boric said he would appoint central bank chief Mario Marcel as finance minister, seeking to ease concerns among investors worried the incoming administration will move the country far to the left.

The December election of Mr. Boric, a former student protest leader whose coalition includes the Communist Party, rattled investors concerned he would carry out a major economic overhaul of Latin America’s most successful model of free market orthodoxy and home to the world’s biggest copper mines.