Declines on Brazil's stock exchange and currency following election results

In depth

Brazil's financial markets reacted to the victory of President Lula in the elections even before trading opened. According to Walla, Real futures plunged and Brazilian ETFs lost about 20%. According to Channel 14, the EWZ ETF fell sharply in after-hours trading, while US exchanges were closed.

According to 0404 News, the Brazilian real plunged about 10% in futures trading, and Brazilian stocks in New York lost up to 19%. According to Calcalist, the Brazilian currency plunged more than 8% against the dollar, and on the B3 exchange the daily volatility limit was expanded to 20%.