Disastrous day for Peruvian stocks and currency after Castillo’s inauguration

The reaction of the stock and financial markets responds to the announcements made by Castillo in his first speech to the Nation, Wednesday as well as to the appointment of leftist legislator Guido Bellido as president of the Council of Ministers.

RIO DE JANEIRO, BRAZIL - A disastrous day for the stock market, with a fall of 5.8%, while for the Peruvian currency it has been the first business day in the local financial system after the inauguration of the leftist President Pedro Castillo to the Peruvian Executive.

The general index of the Lima Stock Exchange fell by 5.8% at the close of Friday's trading, while the selective index fell by 4.8%, with a sharp drop of 16% for the country's most important business and financial group, Credicorp.

Likewise, the dollar exchange rate rose more than 3 . . .

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