NEW YORK: Zohran Mamdani, a 33-year-old state lawmaker and self-described democratic socialist, held an early lead over former New York Governor Andrew Cuomo in New York City’s Democratic mayoral contest on Tuesday, though the final outcome is unlikely to be known until at least next week. With an estimated 87 percent of the preliminary ballots counted, Mamdani was the top choice of 43.6 percent of voters, according to the Associated Press.

He was 30 points behind former governor Andrew Cuomo just months ago, but now he’s surging in the contest to lead the largest US city

The market shift came after one of the last independent polls of voters showed Mamdani winning in the city’s ranked choice voting models.