REUTERS / H.LASH
LASH: "Ollanta Humala spooked investors when he surged to the front in the first round of Peru's presidential race last weekend. The country's stock market has plunged and the currency slumped on fears Humala, who was pardoned for a brief coup attempt in 2000, will boost mining taxes and take over private companies.
Masha Gordon, head of emerging market equity strategy at PIMCO, which manages $1.2 trillion in assets, said Humala might be compelled to tone down his left-wing rhetoric, aimed at the large slice of voters not yet sharing in Peru's economic boom.
Humala has been signaling as much, with a key aide saying...that his goal for Peru is economic stability and that he will not go down the road of left-wing leaders in Venezuela and Bolivia if he wins the June 5 run-off."
"He's trying to calm every one down, but can he become a Lula? I don't know, we'll have to wait and see," observes an equities manager. "It's going to have to be a show-me story."
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