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Nu Holdings and MercadoLibre Stocks Sink as Lula Wins: What Analysts Say Now
CoinCentral·October 26, 2026·1 min read
Nu Holdings fell 13% and MercadoLibre dropped 7% in Sunday overnight trading after Lula won Brazil's election with about 51.8% of the vote. The iShares MSCI Brazil ETF fell nearly 19%, and November real futures dropped 10% in Asian trading. Analysts rate Nu Holdings Moderate Buy and MercadoLibre.
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