Peru's Presidential Race: A Contentious Path to the Runoff

In Peru, the presidential election progresses as three candidates compete to face right-wing Keiko Fujimori in the runoff. The electoral authority's data shows a tight race with leftist congressman Roberto Sanchez slightly ahead of former Lima mayor Rafael Lopez Aliaga.

Fujimori, a seasoned politician and daughter of former President Alberto Fujimori, leads with 17% of the votes. Claims of electoral fraud have surfaced, prompting denials from European Union observers, who found no evidence to support these allegations.

The political uncertainty has adversely affected Peru's economy, evident in a weakened sol and a declining stock market. While Fujimori advances, political tensions and Sanchez's call for a new constitution emphasize emerging dynamics in Peru's electoral landscape.