Humala Closes Gap

As Colombian stocks rose on the results of its Congressional elections, stocks in Peru tumbled on news that nationalist Ollanta Humala has closed the gap on front-runner and conservative candidate Lourdes Flores in Peru’s presidential race. A recently published poll puts Humala neck and neck with Flores with 30% of the votes versus 31%, respectively. Humala has said that if voted into office he will impose tighter restrictions on foreign investment in Peru.