Keiko Fujimori and Roberto Sánchez advanced to Peru’s June 7 presidential runoff after the National Office of Electoral Processes completed its April 12 first-round count on May 15, confirming Fujimori at 17.18 percent and Sánchez at 12.03 percent in a fragmented field. Trader consensus favoring Fujimori reflects her established congressional base, stronger performance in Lima and coastal regions, and endorsements from eliminated conservative candidates, contrasted with Sánchez’s association with jailed former president Pedro Castillo and voter concerns over economic and security policy continuity. Recent runoff surveys show a statistical tie, yet market pricing incorporates historical patterns of incumbent advantages and expatriate voting trends that could influence the final margin.