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Brazilian stocks plunge by as much as 50% after Lula's election win

Brazilian stocks plunge by as much as 50% after Lula's election win
Photo: Mothership · view original

Some Brazilian stocks plunged by up to 50 per cent or more following president Luiz Inácio Lula da Silva’s surprise reelection on Oct. 25. The 80-year-old sitting president won 51.79 per cent of the votes. The sharp fall in the markets when the election outcome became clear was attributed to inve...

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