Leftist Humala wins Peru poll

Leftist Humala wins Peru poll

Humala claimed victory on Sunday night as results from 88.4 per cent of ballot boxes gave him a narrow but growing lead of over 2.5 percentage points over right-wing lawmaker Keiko Fujimori, the daughter of jailed former president Alberto Fujimori.

Exit polls and quick counts from Sunday’s election put Humala clearly ahead and his lead in the official returns was expected to grow as more votes came in from poor, rural areas.

“We want to install a government of national unity,” Humala, 48, told thousands of cheering supporters after a bruising race that brought back bitter memories of Peru’s chaotic past.

Investors worry that Humala will increase state control over the economy and throw away fiscal discipline, and there was heavy selling of Peruvian assets on Monday morning.

Markets plunge

Peru’s stock market sank nearly 9 per cent at the open, prompting authorities to halt trading, while the sol currency fell 1.2 per cent. Shares in mining companies fell as much as 15 per cent.

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