East Timor’s President José Ramos-Horta has conceded defeat Monday after the country held its second presidential election as a free nation. The Nobel Peace Prize laureate was challenged in the election by 11 opponents. A runoff between Ramos-Horta’s top two challengers will be held in April. Opposition leader Francisco Guterres and former guerrilla leader Taur Matan Ruak were ahead after at least 70 percent of the votes were counted.