Dollar jumps 8.21% and Ibovespa plunges 13.88% after Lula's re-election

Mon, Oct 26Markets

What happenedDollar rose 8.21% to R$ 5,403 and Ibovespa fell 13,88% to 176,608 points.
WhyLula's re-election caused the market turbulence, with some investors revising economic policy expectations.
Market impactA weaker real makes imports and dollar debt costlier, affecting the Brazilian stock market and investors.
What to watchInvestors will be watching the market's reaction to the new economic policy and potential government decisions.

Ibovespa that day −13.88%Source: Agência Brasil + 3 more outlets

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