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Humala wins Peruvian presidential election

Ollanta Humala, the left-wing candidate, appears to have triumphed in yesterday’s Peruvian presidential election. With investors concerned that he will now set about unpicking market-friendly economic reforms, the markets will probably sell-off over the coming days. But, if those fears prove to be overdone, as we suspect, then any losses may be regained over the second half of this year.

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