Daily Market Updates: Brazil’s Ibovespa plunges 17.3% as Lula defeats Bolsonaro in presidential runoff; biggest-ever one-day crash

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Brazil’s Ibovespa plunges 17.3% as Lula defeats Bolsonaro in presidential runoff; biggest-ever one-day crash

Reported · Written up by our desk · North America

Brazil’s Ibovespa plunged 17.3% to an intraday low of 169,516 after President Lula defeated Flávio Bolsonaro in the presidential runoff. The fall was the exchange’s biggest single-day decline and erased market optimism that had followed the first round.

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LiveMint MarketsBrazil’s Ibovespa plunges 17.3% as Lula defeats Bolsonaro in presidential runoff; biggest-ever one-day crash

Global Markets

Brazil’s Ibovespa plunges 17.3% as Lula defeats Bolsonaro in presidential runoff; biggest-ever one-day crash

More like this

Sources

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