Economics
Peru Stocks Jump Most Since 2008 as Sol, Bonds Rally After Vote
- Sol is trading at its strongest level since November 2015
- S&P BVL Index is world's best performer among major indexes
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Peruvian stocks climbed the most since 2008 as the sol and bonds rallied after two market-friendly candidates made it to the second-round presidential vote.
The S&P BVL General Index jumped 8.4 percent to 12,491.75 as of 11:13 a.m. in Lima, its biggest surge since November 2008. Yields for Peru’s dollar bonds due in 2027 retreated 16 basis points to 3.51 percent, and the sol advanced 2.6 percent to 3.2930 per dollar, its strongest level since November 2015, according to prices from Datatec.