BREAKING NEWS

Leftist Humala likely to face Fujimori in Peru

By REUTERS

APRIL 12, 2011 01:19

LIMA - Left-wing former army officer Ollanta Humala won the first round of Peru's presidential election and will likely face Keiko Fujimori, daughter of a jailed ex-president, in a June 5 run-off, official results showed on Monday.

Humala has softened his anti-capitalist rhetoric, vowing gradual steps to help millions of poor Peruvians left behind by a decade-long boom in one of the world's fastest-growing economies. But he still rattles investors who fear he will roll back free-market reforms.

Peruvian stocks fell 3 percent on doubts Fujimori, a right-wing populist, can defeat Humala in June. Both support raising taxes on mining companies, though Fujimori is more trusted by investors. Peru's sol currency weakened slightly.

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