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Sánchez Gains Ground in Peru Election, Markets Unsettled

4/17/2026

38 6 Full Breakdown

Summary

Story summary

Roberto Sánchez, a left-wing Peruvian congressman and former cabinet minister under Pedro Castillo, gains traction.
With about 92% counted, Sánchez has 12%, behind Keiko Fujimori at 17%.
He proposes a 'new social contract' to aid marginalized populations.
The rise unsettles markets as the sol falls 1.46% and the Lima stock index drops.
Concerns about ties to Castillo, who endorsed him from prison, loom ahead of the June 7 runoff.

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Story summary

Roberto Sánchez, a left-wing Peruvian congressman and former cabinet minister under Pedro Castillo, gains traction.
With about 92% counted, Sánchez has 12%, behind Keiko Fujimori at 17%.
He proposes a 'new social contract' to aid marginalized populations.
The rise unsettles markets as the sol falls 1.46% and the Lima stock index drops.
Concerns about ties to Castillo, who endorsed him from prison, loom ahead of the June 7 runoff.