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Brazil’s Stock Market Crashes After Lula’s Upset Victory

Jose Antonio Lanz
Oct 26, 2026 at 16:04
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Brazil’s Stock Market Crashes After Lula’s Upset Victory

The iShares Brazil ETF fell as much as 26% after Lula da Silva beat Flávio Bolsonaro, who prediction markets had at 80%, while the dollar jumped as much as 12% against the real.

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