This is a very illiquid stock. So any abnormal selling pressure will tend to drive thru normal bids. And as the previous post indicates, there are a couple of Chilean companies that have "accounting problems". Those companies shares are part of the assets managed by PVD (which pretty much owns a piece of any public company in chile).
Short-term, there may be more selling pressure - specific to Chile as well as the global stuff. Longer-term, this doesn't affect the Chilean economy or PVD.
Spanish to English translation The Pension Fund Administrator (AFP) Provida filed a criminal complaint before the courts for fraud and other crimes against those responsible, either as perpetrators or accomplices in the La Polar, in order to safeguard the interests of their members .
This "subject to civil compensation claims that may be filed timely," the bank said.
He also explained that "because of the serious events of Empresas La Polar, which have been public knowledge in recent days, AFP Provida S. A. has filed complaints with the Superintendency of Banks and Financial Institutions and to the Superintendency of Securities and Insurance, to directors, managers and senior executives of polarity, and from their external auditors. "
The manager said as other investors, institutional and individual investment decisions based on public information and official corporate issuers of securities delivered to the regulatory agencies and the market "hoping, of course, that the information is reliable has been collated and audited by specialized agencies. "