Humala wins in Peru and the stock market falls by 8.7%
Lima, June 6, 2011
The reaction of the Lima Stock Exchange was very hard with the triumph of Ollanta Humala as it fell 8.71%. Consequently it was suspended after few minutes of the operations beginning.
Analysts added that this situation arises due to investor uncertainty on the economic model after the victory of Humala, in fact, the new president has not yet defined who will be his economy minister.
Investors are waiting for clear signals of an official of style moderate as Lula Da Silva, where public spending does not increase dramatically with extreme social assistance programs, affecting the private sector.