Markets
Brazil Stocks and Real Tumble as Lula Wins Fourth Term
Brazil’s Bovespa fell 13.9% on Monday, October 26, in one of its sharpest one-day declines on record, while the real tumbled over 11% intraday before trimming losses to about 8%, after Luiz Inácio Lula da Silva clinched a surprise runoff win for a fourth presidential term.
Adaeze Okonkwo3 min read