Peru Markets Decline as Sanchez Advances in Election
Peruvian markets fell as leftist Roberto Sanchez advanced toward a June runoff against Keiko Fujimori. Investors are wary of his plans for a new constitution.
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Financial markets in Peru experienced significant volatility on Wednesday as left-wing congressman Roberto Sanchez surged in the preliminary vote count for the presidential election. The late swell in support for Sanchez, a close ally of ousted former leader Pedro Castillo, has reignited investor anxieties regarding potential shifts in the nation's economic model and regulatory environment.
