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.

Roberto Sanchez, the presidential candidate for the Together for Peru party, pictured during a Reuters interview in Lima on April 10, 2026. REUTERS/Angela Ponce/File Photo
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