Nu Holdings down more than 10% in overnight trading as Lula leads Brazil runoff

Nu Holdings ($NU) fell more than 10% in overnight trading after socialist President Lula took an early lead in Brazil's presidential runoff against Flávio Bolsonaro, with Brazil's ETF reportedly getting hammered. The move could create volatility for $NU and $MELI given their exposure to Brazil's currency and interest rates.

Detected & updated continuously · Source: Nebula