Chileans reject new constitution in blow to leftist leader Gabriel Boric

Chileans rejected a new constitution in a referendum Sunday, dealing a major blow to a three-year campaign to overhaul politics and temper free-market policies that made the deeply unequal society an investor darling.
 

With 99% of the ballots counted, 62% voted against the proposed charter drawn up over the past year by a popularly-elected convention, compared with just 38% for its approval. Chilean markets are likely to rally Monday. While polls had anticipated that the current more business-friendly framework would be kept in place, they underestimated the landslide result.

The vote was meant to be the culmination of a movement