Leftist Gabriel Boric won an unexpectedly huge win over his far-right opponent in a contentious contest, becoming Chile's youngest-ever president-elect.
Boric, 35, received over 56 percent of the vote, while ultra-conservative Jose Antonio Kast received 44 percent and surrendered soon before the final result was announced.
His victory in the country's second round heralds not just a generational shift, but also the most significant economic shifts in decades for one of Latin America's wealthiest nations and a worldwide financial market favorite.
Kast promptly acknowledged loss, sharing a photo of himself on the phone with his opponent, congratulating him on his "great win," in a break from the campaign's inflammatory tone. Meanwhile, Boric conducted a video chat with departing President Sebastian Pinera, a conservative billionaire, to give his government's complete support during the three-month transition.
Boric remarked in a brief broadcast appearance with Pinera, "I am going to be the president of all Chileans."
Boric's win is expected to be felt across Latin America, where ideological schisms have surfaced.
