Andres Manuel Lopez Obrador decisively won Mexico’s presidency on Sunday, exit polls showed, setting the stage for the most left-wing government in decades at a time of tense relations with the Trump administration.
Pledging to eradicate corruption and subdue drug cartels with a less confrontational approach, the 64-year-old former Mexico City mayor will carry high expectations into office even as his efforts to reduce inequality are watched closely by nervous investors.
A Lopez Obrador government could usher in greater scrutiny of foreign investment and a less accommodating approach to the United States, but the peso MXN=D2 rose more than 1 per cent after his rivals conceded within minutes of the end of voting.
Four exit polls showed Lopez Obrador with a lead of more than 20 percentage points over his competitors and winning between 46.8 per cent and 59 per cent of the vote.
An official “quick count” of results is expected at midnight EDT (0400 GMT).