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Reuters
Reuters
Business
Nelson Bocanegra and Julia Symmes Cobb

Colombia peso, market rally as business-friendly candidate advances

FILE PHOTO: Colombian centre-right presidential candidate Rodolfo Hernandez of Anti-Corruption Rulers' League Party shows a ballo as he casts his vote at a polling station during the first round of the presidential election in Bucaramanga, Colombia May 29, 2022. REUTERS/Stringer NO RESALES. NO ARCHIVES.

Colombia's peso and stock exchange closed higher on Tuesday, in the first session since the contest to elect the country's next president narrowed to two candidates, including business-friendly construction magnate Rodolfo Hernandez.

Leftist Gustavo Petro, who has promised profound social and economic change, won 40.3% of votes in Sunday's first round, while Hernandez, who has drawn support for his promises to tackle corruption, unexpectedly tallied 28.2%.

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