Peruvian stocks: Why they may be an unexpected winner of the AI boom, Iran war

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Peruvian stocks have surged 23% in 2026 and over 75% in the past 12 months, positioning Peru as an unexpected beneficiary of both the AI investment boom and geopolitical turmoil involving Iran. The S&P Peru Total Index's strong performance is linked to rising commodity demand driven by AI infrastructure buildout and elevated energy prices from the Iran conflict. Peru's mining and resource sectors are highlighted as key drivers.

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