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Peru Assets Rally as Leftist Frontrunner’s Poll Lead Narrows

  • Ten-year bonds recover as Fujimori closes polling gap
  • Some analysts say market overprices likelihood of Castillo win
Pedro Castillo speaks during a campaign rally in Piura, Peru, on April 27.
Pedro Castillo speaks during a campaign rally in Piura, Peru, on April 27.
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Peru’s stocks and bonds jumped the most in more than five months after a poll showed the leftist front-runner in the country’s presidential race losing ground.

The survey published Friday found Pedro Castillo had 41% of voter preference versus 36% for former lawmaker Keiko Fujimori. Datum’s previous poll, on April 30, gave Castillo a nine-percentage point lead over Fujimori in the runoff.