Ibovespa plunges 17.3% after Lula beats Bolsonaro
In short
Brazil’s Ibovespa fell 17.3% to an intraday low of 169,516 after Lula beat Flávio Bolsonaro in the presidential runoff. The report says it was the biggest one-day drop for the exchange.
The fall wiped out the optimism that had built after the first round. The report does not say what policy changes, if any, investors were reacting to.
What the reporting says
Brazil’s Ibovespa plunged 17.3% to an intraday low of 169,516 after President Lula defeated Flávio Bolsonaro in the presidential runoff, according to the Mint Markets summary. The report says the drop was the exchange’s biggest single-day decline and erased optimism from the first round. It does not say how long the fall lasted beyond that session or whether policy changes drove the move.
Why it matters
The Mint Markets summary says Brazil’s Ibovespa dropped 17.3% to an intraday low of 169,516 after Lula defeated Flávio Bolsonaro in the runoff. It describes the fall as the exchange’s biggest single-day decline and says it erased optimism from the first round. The available reporting does not specify any later rebound, market-wide spillovers, or the exact policy concerns behind the move.