Macro Finance
Brazil Markets Crater, Some Stocks Sink 50%, After Lula Victory
Bloomberg Markets·October 26, 2026·1 min read
Brazilian markets suffered steep losses after President Luiz Inácio Lula da Silva pulled off a stunning comeback to defeat Flávio Bolsonaro, the right-wing candidate many investors were betting would tackle the nation's fiscal woes. Some stocks sank 50%, reflecting deep investor concern over Lula's economic policies and potential fiscal expansion.
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