Leftwinger Ollanta Humala's narrow win in Peru unnerves markets | Peru

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data-link-name="header : secondary : View all Opinion" data-testid="column-collapse-sublink-Opinion" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">View all Opinion</a></li><li role="none" class="dcr-4hq641"><a href="/profile/editorial" role="menuitem" data-link-name="header : secondary : The Guardian view" data-testid="column-collapse-sublink-The Guardian view" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">The Guardian view</a></li><li role="none" class="dcr-4hq641"><a href="/index/contributors" role="menuitem" data-link-name="header : secondary : Columnists" data-testid="column-collapse-sublink-Columnists" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Columnists</a></li><li role="none" class="dcr-4hq641"><a href="/tone/cartoons" role="menuitem" data-link-name="header : secondary : Cartoons" data-testid="column-collapse-sublink-Cartoons" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Cartoons</a></li><li role="none" class="dcr-4hq641"><a href="/type/video+tone/comment" role="menuitem" data-link-name="header : secondary : Opinion videos" data-testid="column-collapse-sublink-Opinion videos" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Opinion videos</a></li><li role="none" class="dcr-4hq641"><a href="/tone/letters" role="menuitem" data-link-name="header : secondary : Letters" data-testid="column-collapse-sublink-Letters" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Letters</a></li></ul><div class="dcr-1j2dgzz"></div></li><li role="none" class="dcr-lpsfc3"><script>document.addEventListener('DOMContentLoaded', function(){ var columnInput = document.getElementById('Sport-button'); if (!columnInput) return; // Sticky nav replaces the nav so element no longer exists for users in test. columnInput.addEventListener('keydown', function(e){ // keyCode: 13 => Enter key | keyCode: 32 => Space key if (e.keyCode === 13 || e.keyCode === 32) { e.preventDefault() document.getElementById('Sport-checkbox-input').click(); } 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href="/sport/cricket" role="menuitem" data-link-name="header : secondary : Cricket" data-testid="column-collapse-sublink-Cricket" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Cricket</a></li><li role="none" class="dcr-4hq641"><a href="/sport/rugby-union" role="menuitem" data-link-name="header : secondary : Rugby union" data-testid="column-collapse-sublink-Rugby union" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Rugby union</a></li><li role="none" class="dcr-4hq641"><a href="/sport/tennis" role="menuitem" data-link-name="header : secondary : Tennis" data-testid="column-collapse-sublink-Tennis" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Tennis</a></li><li role="none" class="dcr-4hq641"><a href="/sport/cycling" role="menuitem" data-link-name="header : secondary : Cycling" data-testid="column-collapse-sublink-Cycling" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Cycling</a></li><li role="none" class="dcr-4hq641"><a href="/sport/formulaone" role="menuitem" 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key | keyCode: 32 => Space key if (e.keyCode === 13 || e.keyCode === 32) { e.preventDefault() document.getElementById('Culture-checkbox-input').click(); } }) })</script><input type="checkbox" id="Culture-checkbox-input" tabIndex="-1" aria-hidden="true" class="dcr-1acea34"/><label id="Culture-button" aria-label="Toggle Culture" for="Culture-checkbox-input" aria-haspopup="true" aria-controls="cultureLinks" tabIndex="-1" role="menuitem" data-testid="column-collapse-Culture" data-link-name="header : secondary : Culture" class="selectableMenuItem dcr-x5fwww">Culture</label><ul role="menu" id="cultureLinks" data-testid="cultureLinks" class="dcr-1yytfii"><li role="none" class="dcr-9ra8aa"><a href="/culture" role="menuitem" data-link-name="header : secondary : View all Culture" data-testid="column-collapse-sublink-Culture" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">View all Culture</a></li><li role="none" class="dcr-4hq641"><a href="/books" role="menuitem" data-link-name="header : 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data-link-name="header : secondary : Men" data-testid="column-collapse-sublink-Men" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Men</a></li><li role="none" class="dcr-4hq641"><a href="/lifeandstyle/family" role="menuitem" data-link-name="header : secondary : Family" data-testid="column-collapse-sublink-Family" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Family</a></li><li role="none" class="dcr-4hq641"><a href="/travel" role="menuitem" data-link-name="header : secondary : Travel" data-testid="column-collapse-sublink-Travel" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Travel</a></li><li role="none" class="dcr-4hq641"><a href="/money" role="menuitem" data-link-name="header : secondary : Money" data-testid="column-collapse-sublink-Money" tabIndex="-1" class="selectableMenuItem dcr-1julzi7">Money</a></li></ul></li><span class="dcr-90inr0"><li role="none"><form action="https://www.google.co.uk/search" class="dcr-1jjnk9d"><label for="gu-search" class="dcr-0"><div 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srcSet="https://i.guim.co.uk/img/static/sys-images/Guardian/Pix/pictures/2011/6/6/1307387257580/Presidential-Elections-In-007.jpg?width=645&dpr=2&s=none&crop=none" media="(min-width: 480px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 480px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/static/sys-images/Guardian/Pix/pictures/2011/6/6/1307387257580/Presidential-Elections-In-007.jpg?width=645&dpr=1&s=none&crop=none" media="(min-width: 480px)"/><source srcSet="https://i.guim.co.uk/img/static/sys-images/Guardian/Pix/pictures/2011/6/6/1307387257580/Presidential-Elections-In-007.jpg?width=465&dpr=2&s=none&crop=none" media="(min-width: 320px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 320px) and (min-resolution: 120dpi)"/><source srcSet="https://i.guim.co.uk/img/static/sys-images/Guardian/Pix/pictures/2011/6/6/1307387257580/Presidential-Elections-In-007.jpg?width=465&dpr=1&s=none&crop=none" media="(min-width: 320px)"/><img alt="Presidential Elections In Peru" src="https://i.guim.co.uk/img/static/sys-images/Guardian/Pix/pictures/2011/6/6/1307387257580/Presidential-Elections-In-007.jpg?width=465&dpr=1&s=none&crop=none" width="465" height="279" loading="eager" class="dcr-evn1e9"/></picture><span class="dcr-v822l1"><div class="dcr-gup2gr"><div class="dcr-zy1nbx"><label for="the-checkbox" class="dcr-1xgwz8b"><svg width="6" height="14" fill="white" viewBox="0 0 6 14"><path d="M4.6 12l-.4 1.4c-.7.2-1.9.6-3 .6-.7 0-1.2-.2-1.2-.9 0-.2 0-.3.1-.5l2-6.7H.7l.4-1.5 4.2-.6h.2L3 12h1.6zm-.3-9.2c-.9 0-1.4-.5-1.4-1.3C2.9.5 3.7 0 4.6 0 5.4 0 6 .5 6 1.3c0 1-.8 1.5-1.7 1.5z"></path></svg></label><input type="checkbox" id="the-checkbox"/> <div id="the-caption"><figcaption data-spacefinder-role="inline" class="dcr-1ie0kc7"><span class="dcr-1inf02i"><svg width="18" height="13" viewBox="0 0 18 13"><path d="M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z"></path></svg></span><span class="dcr-1qvd3m6">Ollanta Humala, winner of Sunday's narrow presidential poll in Peru, addresses supporters in Lima. Photograph: Raul Sifuentes/Getty Images</span></figcaption></div></div></div></span></div><span class="dcr-n4pnam"><figcaption data-spacefinder-role="inline" class="dcr-1fujct4"><span class="dcr-1inf02i"><svg width="18" height="13" viewBox="0 0 18 13"><path d="M18 3.5v8l-1.5 1.5h-15l-1.5-1.5v-8l1.5-1.5h3.5l2-2h4l2 2h3.5l1.5 1.5zm-9 7.5c1.9 0 3.5-1.6 3.5-3.5s-1.6-3.5-3.5-3.5-3.5 1.6-3.5 3.5 1.6 3.5 3.5 3.5z"></path></svg></span><span class="dcr-1qvd3m6">Ollanta Humala, winner of Sunday's narrow presidential poll in Peru, addresses supporters in Lima. Photograph: Raul Sifuentes/Getty Images</span></figcaption></span></figure></div></div></div><aside style="--grid-area:title;" data-gu-name="title" class="dcr-1fnjjtg"><div class="dcr-10355cg"><div class="dcr-0"><span class="dcr-1v9xu6e"></span><a href="https://www.theguardian.com/world/peru" data-component="section" data-link-name="article section" class="content__label__link dcr-qmfkju"><span>Peru</span></a></div></div></aside><div style="--grid-area:border;" data-gu-name="border" class="dcr-1fnjjtg"><div class="dcr-upmzd8"></div></div><div style="--grid-area:headline;" data-gu-name="headline" class="dcr-1fnjjtg"><div class="dcr-14emo0l"><div class="dcr-cohhs3"><div class="dcr-notra3"><div aria-hidden="true" class="dcr-13832xi"><svg width="11" height="11" viewBox="0 0 11 11" fill="currentColor"><path d="M5.4 0C2.4 0 0 2.4 0 5.4s2.4 5.4 5.4 5.4 5.4-2.4 5.4-5.4S8.4 0 5.4 0zm3 6.8H4.7V1.7h.7L6 5.4l2.4.6v.8z"></path></svg> This article is more than <strong>13 years old</strong></div></div><h1 class="dcr-u0152o">Leftwinger Ollanta Humala's narrow win in Peru unnerves markets</h1><div class="dcr-1nvgr5i">This article is more than 13 years old</div></div></div></div><div style="--grid-area:standfirst;" data-gu-name="standfirst" class="dcr-1fnjjtg"><div class=" dcr-4gwv1z">Stock exchange plunges 12% after he wins close race against daughter of jailed former president Alberto Fujimori</div></div><aside style="--grid-area:meta;" data-gu-name="meta" class="dcr-1fnjjtg"><div class="dcr-14emo0l"><div class="dcr-ich95x"><svg xmlns="http://www.w3.org/2000/svg" width="100%" height="13" viewBox="0 0 1300 13" preserveAspectRatio="none" stroke="var(--article-border)" stroke-width="1" aria-hidden="true" focusable="false" class="dcr-194w08h"><line x1="0" x2="1300" y1="0.5" y2="0.5"></line><line x1="0" x2="1300" y1="4.5" y2="4.5"></line><line x1="0" x2="1300" y1="8.5" y2="8.5"></line><line x1="0" x2="1300" y1="12.5" y2="12.5"></line></svg></div></div><div class="dcr-14emo0l"><div class=" dcr-1v9sla6"><div class="dcr-5oiine"><div class="dcr-1kpcv08"><div><address aria-label="Contributor info" data-component="meta-byline" data-link-name="byline"><div class=" dcr-1cfpnlw"><a rel="author" data-link-name="auto tag link" href="https://www.theguardian.com/profile/rorycarroll">Rory Carroll</a><span>, Latin America correspondent</span></div></address><div style="--mobile-color:inherit;" class="dcr-1pexjb9">Mon 6 Jun 2011 20.10 BST</div></div></div><div data-print-layout="hide" class="dcr-9dgpdq"><div class=" dcr-16lnb0w"><gu-island name="ShareButton" priority="feature" deferUntil="visible" props="{"pageId":"world/2011/jun/06/leftwinger-narrow-win-peru-markets","webTitle":"Leftwinger Ollanta Humala's narrow win in Peru unnerves markets","format":{"design":0,"display":0,"theme":0},"context":"ArticleMeta"}"><a href="mailto:?subject=Leftwinger Ollanta Humala's narrow win in Peru unnerves markets&body=https://www.theguardian.com/world/2011/jun/06/leftwinger-narrow-win-peru-markets?CMP=share_btn_url" type="button" class="dcr-bao4ku">Share<div class="src-button-space"></div><svg viewBox="-3 -3 30 30" xmlns="http://www.w3.org/2000/svg" aria-hidden="true"><path fill-rule="evenodd" clip-rule="evenodd" d="M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8"></path></svg></a></gu-island></div><div class=" dcr-1csot3r"><div class="dcr-14baf59"><div></div></div></div></div></div></div></div><div class="dcr-fu29fd"><span class="dcr-1lhv23l"><gu-island name="ExpandableMarketingCardWrapper" priority="enhancement" deferUntil="visible" props="{"guardianBaseURL":"https://www.theguardian.com"}"></gu-island></span></div></aside><div style="--grid-area:body;" data-gu-name="body" class="dcr-1upb05m"><span class="dcr-1iz7gbk"><gu-island name="ExpandableMarketingCardWrapper" priority="enhancement" deferUntil="idle" props="{"guardianBaseURL":"https://www.theguardian.com"}"></gu-island></span><div class="dcr-1a4fred"><div id="maincontent" class="dcr-1bwys2b"><div class="article-body-commercial-selector article-body-viewer-selector dcr-1q6n3e0"><p class="dcr-1eu361v">Ollanta Humala gained a narrow but undisputed victory in Peru's election, it was confirmed on Monday , provoking rapture, dread and uncertainty over whether the former soldier would rule as a leftwing moderate or radical.</p><p class="dcr-1eu361v">With almost all votes from Sunday's poll counted, Humala had won 7,182,788 and his rival Keiko Fujimori 6,807,933, translating into 51.3% and 48.7% respectively after a bitter campaign that polarised the country.</p><div id="sign-in-gate"><gu-island name="SignInGateSelector" priority="feature" deferUntil="visible" props="{"contentType":"Article","sectionId":"world","tags":[{"id":"world/peru","type":"Keyword","title":"Peru"},{"id":"world/world","type":"Keyword","title":"World news"},{"id":"tone/news","type":"Tone","title":"News"},{"id":"world/americas","type":"Keyword","title":"Americas"},{"id":"type/article","type":"Type","title":"Article"},{"id":"profile/rorycarroll","type":"Contributor","title":"Rory 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class="dcr-1eu361v">Humala, 48, told cheering supporters in central Lima that a "great transformation" would share out Peru's wealth more equally while respecting democratic norms and market capitalism. "It's not possible to say that the country is progressing when 12 million people are living in extreme poverty without electricity or running water. The task will be difficult but we will work … to unite the Peruvian people without any type of discrimination."</p><p class="dcr-1eu361v">Celebrations erupted in indigenous Andean communities where extreme poverty has persisted despite a commodities-fuelled economic boom. Humala, 48, promised new anti-poverty programmes partly funded from a tax on windfall mining profits. The election result exposed a sharp rural-urban divide, with many coastal towns and cities, including the capital, narrowly favouring Fujimori and her promise to keep foreign investment flowing into Peru.</p><p class="dcr-1eu361v">Big business and media groups backed the 36-year-old senator despite the fact that her father, Alberto, is in jail for corruption and human rights abuses committed while he was president in the 1990s. Humala, who led an unsuccessful coup against Fujimori in 2000, pulled ahead in the final days of the campaign after reminding voters of forced sterilisations and rampant corruption during Fujimori's rule. His victory sent the stock exchange plunging 12%, prompting temporary suspension of trading and fears of capital flight. Investors fear the former lieutenant colonel may follow radical economic policies of his one-time mentor, Venezuela's Hugo Chávez.</p><p class="dcr-1eu361v">Humala renounced Chávez during the campaign, swapped red T-shirts for dark suits and promised to rule like a Lula-style social democrat. But doubts remain.</p><p class="dcr-1eu361v">"We believe there is still a significant amount of uncertainty regarding who is the 'real' Humala," said a research note from RBC Capital Markets.</p><p class="dcr-1eu361v">Humala and Fujimori are reviled by many Peruvians as dangerous demagogues but centrist rivals cancelled each other in the first round in April, putting the two populists from opposite ends of the political spectrum into the runoff.</p><p class="dcr-1eu361v">Bill Richardson, a former New Mexico governor who was in Lima as an Organisation of American States election observer, called Humala "a nationalist and an enigma with evolving views and a pragmatic streak". He added: "I think he's educable and the business community should give him a chance."</p><p class="dcr-1eu361v">Analysts will watch closely to see who he names to his cabinet, especially the finance minister, and whether he seeks ties to the Chávez-led Alba trade group.</p></div></div><gu-island name="SlotBodyEnd" priority="feature" deferUntil="visible" props="{"contentType":"Article","contributionsServiceUrl":"https://contributions.guardianapis.com","idApiUrl":"https://idapi.theguardian.com","isMinuteArticle":false,"isPaidContent":false,"pageId":"world/2011/jun/06/leftwinger-narrow-win-peru-markets","sectionId":"world","shouldHideReaderRevenue":false,"stage":"PROD","tags":[{"id":"world/peru","type":"Keyword","title":"Peru"},{"id":"world/world","type":"Keyword","title":"World 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Leftwinger Ollanta Humala's narrow win in Peru unnerves markets | Peru | The Guardian