Peru's Election Chaos Spooked Markets Across Latin America

Peruvian stocks, the sol, and bonds fell as vote counting dragged on and fraud claims spread, keeping investors cautious across the region.

Peru's election count stretched into a fourth day, and the uncertainty knocked local stocks, the sol, and bonds lower - spilling into broader Latin American sentiment.

What does this mean?

With about 90% of ballots counted, Peru still didn't know who would take second place to face Keiko Fujimori in a runoff, while fraud allegations and calls to annul results grew louder. Investors moved fast: the MSCI Peru index dropped about 5%, the US-listed iShares MSCI Peru ETF fell roughly 3.5%, and miners like Buenaventura and Southern Copper slid too. The sol hit a one-week low, and hard-currency Peru bonds fell around 0.5 cents on the dollar - a quick reminder that p..