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Brazilian stocks plunged up to 13.9% after Lula’s election victory, triggering circuit breakers and a sharp sell‑off
25,539 posts · 6,577 accounts · +32% vs the day before
- Multiple reports say Brazilian equities fell 13.9% – the worst day since 2020 – after Luiz Inácio Lula da Silva won the runoff, with some outlets noting a 10%‑13% drop that triggered the first‑level circuit breaker[49][53][55][79][80]
- The iShares MSCI Brazil ETF (EWZ) tumbled roughly 20‑26% in overnight and pre‑market trading following Lula’s win, reflecting the broader market rout[57]
- South Korean markets surged as the Korea Exchange halted program buying for five minutes while the KOSPI jumped 4.7%, adding about ₩238 trillion ($158 billion) to local stocks[45]
- Defence sector stocks rallied after the Indian government cleared ₹2.12 lakh crore in defence procurements, boosting related equities[3][21]
- U.S. equities ended higher on the day as Anthropic’s IPO filing lifted AI‑related stocks, providing a rare positive note amid global market turbulence[30]
Posts cited
[3] Trade Brains News · @tradebrainsnews ·
9 Defence Stocks Likely to Benefit After Govt Clears ₹2.12 Lakh Crore in Defence Procurements
Open on X[21] Trendy Traders Academy | Stock Market Institute · @trendy_traders ·
📊 Market Update | 27 Oct 📈 Sensex ~73,580 | Nifty ~22,765 — near flat. 💻 IT drags; Midcaps, Smallcaps & Defence stocks rally. 🚀 Defence stocks gain on ₹2.12 lakh crore procurement approvals. ⚡ Focus: Crude, global cues & key market levels. #MarketUpdate #Nifty #Sensex
Open on X[30] Reuters · @reuters ·
Equities end higher as Anthropic's IPO filing buoys AI stocks
Open on X[45] Bull Theory · @bulltheoryio ·
BREAKING: Korea Exchange halted program buying for 5 minutes as the KOSPI surged +4.7%. Over ₩238 TRILLION ($158B) added to the South Korean stocks.
Open on X[49] Investing.com · @investingcom ·
*BRAZILIAN STOCKS SINK 13.9% IN WORST DAY SINCE 2020 ON LULA WIN 🇧🇷🇧🇷
Open on X[53] zerohedge · @zerohedge ·
*BRAZILIAN STOCKS SINK 13.9% IN WORST DAY SINCE 2020 ON LULA WIN
Open on X[55] Ryan Fournier · @ryanafournier ·
Brazilian markets are in TOTAL FREEFALL after socialist Lula’s victory. Stocks tanking 15%, the currency collapsing, and pure financial panic. This is what happens EVERY single time the radical left takes power: total economic ruin. Socialism destroys everything it touches! 🇧🇷🚨
Open on X[57] DeepTape · @deeptapenews ·
𝗠𝗦𝗖𝗜 𝗕𝗥𝗔𝗭𝗜𝗟 𝗘𝗧𝗙 𝗶𝗻 𝗳𝗿𝗲𝗲𝗳𝗮𝗹𝗹 𝗮𝗳𝘁𝗲𝗿 𝗟𝘂𝗹𝗮’𝘀 𝗥𝗲𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 The iShares MSCI Brazil ETF (EWZ) dropped roughly 20-26% in overnight and premarket trading after Luiz Inácio Lula da Silva defeated Flávio Bolsonaro 51.79%–48.21% in Sunday’s runoff. Markets had rallied hard after Bolsonaro’s first-round lead (stocks up +7%, real stronger +5% into Friday), pricing in a more market-friendly shift with tighter fiscal policy. That bet is now reversing as investors reassess continuity under Lula amid high public debt (>82% of GDP), deficits, and spending. $EWZ
Open on X[79] Reuters · @reuters ·
Brazilian stocks, bonds and currency face a sharp selloff after President Lula da Silva won the re-election over Flavio Bolsonaro. Mike Dolan has more https://t.co/qoe2f3Ln7W
Open on X[80] Geiger Capital · @geiger_capital ·
*BRAZIL STOCKS SINK 10%, TRIGGER FIRST LEVEL CIRCUIT BREAKER
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