Peru's Tight Presidential Race: A Legal Showdown Looms

Peru's presidential race remains undecided as it stretches into the fourth day. Conservative Keiko Fujimori gains from international votes, while leftist Roberto Sanchez initially garnered rural support. The final decision awaits a judicial review of contested ballots. Market reactions are mixed, anticipating a conservative legislative influence regardless of the outcome.

The count to determine Peru's next president has entered its fourth day, with the race remaining undecided and potentially heading for a legal showdown over contested ballots.

Keiko Fujimori, a conservative candidate, has been narrowing the lead of leftist candidate Roberto Sanchez with incoming international votes. Sanchez initially led, bolstered by rural support. The race stands extremely close, with Peru's electoral authority reporting 97.90% of votes counted.

The outcome now hinges on a judicial review of the remaining contested ballots. Both candidates urge patience, with the final result potentially taking weeks. Meanwhile, markets have shown volatile responses, hoping for a conservative tilt in the legislative branch to balance potential executive actions.