Brazil's stock market plunges 17% and suspends trading for first time since 2020 after Lula's win

Brazilian markets bled after Lula's re-election, with the Ibovespa plunging 17% in its biggest drop since 2020 and the real devaluing sharply. The São Paulo stock exchange suspended operations for the first time since 2020 as Brazilian assets plunged.

Detected & updated continuously · Source: Nebula