Humala’s rise shakes Peru’s markets
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LIMA — Investors were on tenterhooks on the eve of Peru’s presidential elections Sunday, after the rise of leftist presidential candidate Ollanta Humala sent turbulence through financial markets.
Peru’s business community fears the ex-military man has radical tendencies along the lines of Venezuela’s President Hugo Chavez and has firmly backed his populist but conservative rival, Keiko Fujimori, daughter of jailed former President Alberto Fujimori.
The two candidates were neck-and-neck ahead of Sunday’s vote, with one or the other slightly ahead according to different polling companies.
Lima’s stock index fell more than five percent twice this week and its currency, the new sol, saw its largest drop in two months against the dollar a day after polls showed Humala on the rise again..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110605com3.html
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