Brazil's stock market plunged after Lula's reelection, while Colombia's dollar barely moved

FinanceInternationalEl TiempoOct 27, 2026, 5:54 PM40 s readAI summary

The Ibovespa fell 13.88% on Monday and closed at 176,608 points, its worst session since March 2020, after Luiz Inácio Lula da Silva won the presidential runoff with 51.79% of the vote. The index lost more than 17% at one point and triggered the circuit breaker for half an hour. In Colombia, the Colcap dropped 1.38% to 2,505.04 points and the dollar fell 86 cents to 3,157.57 pesos. On Tuesday the Ibovespa slipped a further 0.51%.

In 40 seconds

The Ibovespa lost 13.88% and closed at 176,608 points, its biggest daily drop since March 2020.
The Brazilian index hit 169,516 points and triggered the circuit breaker for half an hour, the first time since 2020.
The dollar rose 8.36% against the real to 5.406 reais, its biggest daily gain in 23 years.

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IASummary generated by artificial intelligence from a story by El Tiempo. It may contain errors: the original source prevails.

Ibovespa
Colcap
dólar
Brasil
elecciones

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Brazil's stock market plunged after Lula's reelection, while Colombia's dollar barely moved

In 40 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

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