Peruvian Candidate Hits Stocks

Share prices in Lima fell 1.9% after Ollanta Humala, the leading candidate in opinion polls ahead of April’s presidential election, said he would impose higher oil royalties and limits on foreign investment. Humala is a former military rebel and member of the Peruvian Nationalist Movement. “This extra [money] should benefit our children with health and education programs and not oil company owners,” he said.