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Brazil's stock futures plunged nearly 15% after Lula won reelection

Brazil's stock futures plunged nearly 15% after Lula won reelection

Photo: Cryptopolitan

Brazil’s stock market is getting hammered, and the reason has plenty to do with politics. Investors rushed to sell Brazilian assets on Monday after President Luiz Inácio Lula da Silva secured another term in office. Bovespa futures dropped close to 15%, while the Brazilian real fell by as much as 12%. Trading had to be...

Source: Cryptopolitan

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