Chilean stocks fell for a third consecutive session Wednesday, with construction and industrial stocks pulling back from recent gains in the wake of a huge earthquake that will require significant effort to rebuild and repair infrastructure.
Chile's IPSA equity index fell 1.5% to 3,708, pushing its three-day loss tally to more than 3%.
Pulp and paper products providers also struggled, with companies dealing with flooded and damaged facilities. Stock in Empresas CMPC fell 1.6%, extending losses of 2.8% on Tuesday after the company declared force-majeure for an initial period of 30 days because of the earthquake.
At the same time, shares of Copec slumped 4.3%, adding on to losses of more than 2% on Tuesday.
Also Wednesday, the Chilean government raised the death toll from Saturday's earthquake to 799. More than 2 million people have been displaced, and Chile has asked for aid from other countries.