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Andy Jassy, CEO of Amazon Web Services, announces the AWS Ground Station space service at re:Invent 2018. (GeekWire Photo / Tom Krazit)

And the hit to farmers would more than double if the tariffs expanded to an additional 0 billion of products. Farmer income would drop by 15 percent, and jobs in the sector would decline by 181,000.

Analysts believe more measures are in the pipeline. The negative list that determines where foreign participation is prohibited or limited is expected to become shorter. Foreign investors will see more favorable policies in taxation, less red tape in investment approval, and stronger protection of intellectual property rights.

Analysts expect that market sentiment may recover in the second half as earlier pledges to boost confidence by the government may take some time to take effect.

Andres Garcia, a spokesman for the Teatro a Mil Foundation, said "it has been a wonderful evening and we have marveled like children at seeing each of the excellent artists who have delighted us with the debut of their tour through Chile."