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Peru Votes for President After Months of Chaos and Scandal


Peru Stocks Tumble as Presidential Vote Spooks Investors
Bloomberg
2 days 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 19% of valid votes with 91% 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 13.3%. Former central banker Hernando de Soto was third with 11.8%.
The sol weakened as much as 1.7%, the biggest intraday loss since December 2017, before paring losses to end 0.2% stronger. Peruvian stocks as measured by the S&P/BVL Peru General Return Index fell as much as 3.2%. ....

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Colourful choices: Peru's presidential candidates


Colourful choices: Peru s presidential candidates
© EPA
With 18 candidates in the running, three presidential debates were held to give each candidate a chance to lay out their policies
Peru s presidential contenders are nothing if not colourful. A former goalkeeper with the national football team; an ultra-conservative Catholic businessman nicknamed Porky after a Looney Tunes character; a populist with an anti-corruption message; and a veteran presidential contender whose father is a disgraced former head of state are among the 18 people running for the top job on 11 April.
But despite the wide choice on offer, Peruvian voters appear unenthusiastic and even the leading contenders have been struggling to muster support among a populace worn out by the devastating Covid-19 pandemic. ....

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