Peru Stocks Tumble as Presidential Vote Spooks Investors msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Peru Stocks Tumble as Presidential Vote Spooks Investors Bloomberg 2 hrs ago Jim Wyss and Sydney Maki
(Bloomberg) Peruvian stocks dived after initial results from Sunday’s presidential election unexpectedly showed a little-known school teacher whose party praises Cuba’s former leader Fidel Castro in first place.
Leftist Pedro Castillo had 17.1% of valid votes with 70% of ballots tallied on Monday afternoon. Just a week ago, polls showed him in sixth place. Keiko Fujimori, an ex-legislator currently out on bail, trailed him with 13.1%. Former central banker Hernando de Soto was third with 12.9%.
The sol weakened as much as 1.7%, the biggest intraday loss since December 2017, before paring losses to fall 0.1%. Peruvian stocks as measured by the S&P/BVL Peru General Return Index fell as much as 3.2%. The nation’s sovereign dollar bonds due in 2031 fell less than 1 cent to 99.8 cents on the U.S. dollar.
Peru’s Sol Tumbles as Presidential Vote Shows Divided Nation Bloomberg 2 hrs ago Jim Wyss
(Bloomberg) Peru’s sol led losses among emerging-market currencies as initial results from Sunday’s presidential election laid bare a politically fragmented nation, with no candidate getting anywhere close to the 50% threshold needed to win outright.
Pedro Castillo, a community organizer whose party praises Cuba’s former leader Fidel Castro, was unexpectedly leading the race with 16.5%, with 62% of ballots tallied. Just a week ago, polls showed him in sixth place. Former central banker Hernando de Soto was second with 13.3%, while Keiko Fujimori, an ex-legislator currently on bail, had 13%.
(Bloomberg) Peruvians are voting for president and congress in a crowded election that will determine whether the nation can restore order after recent political chaos.