Chile: Preparations for presidential transition under way

Newly elected Sebastian Pinera is expected to target many of the social reforms enacted by the previous government.

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    Chile's stock index soared, and the currency strengthened a day after the election of billionaire businessman Sebastian Pinera as president.

    He has promised economic growth, but supporters of the outgoing centre-left government say they'll fight to defend its social reforms.

    Al Jazeera's Lucia Newman reports from Santiago.


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