The Lima Stock Exchange (BVL) opened in negative territory on Wednesday, mirroring the volatility that has gripped Wall Street.
The decline in Peru's primary market comes as US investors continue to secure profits following a historic run-up in valuations, creating a risk-off environment that has spilled over into emerging markets.
US equity markets have extended their downturn, with broad-based selling particularly acute in the technology sector.
The Nasdaq Composite and Dow Jones Industrial Average both slipped at the open, continuing a correction that has intensified over the past two trading sessions.
This pressure on US growth stocks is a key driver for the weakness seen in Lima, where investor sentiment remains closely tied to global risk appetite.
The BVL's negative start reflects the broader contagion effect of the US sell-off.