Lula's victory surprises the market: the real falls 9% and Brazil ETFs plunge

FinanceInternationalFinectOct 26, 2026, 4:11 AM30 s readAI summary

Luiz Inácio Lula da Silva won Brazil's runoff election with 51.79% of the vote against 48.21% for Flávio Bolsonaro, a result that polls and prediction platforms had not anticipated. November real futures fell 9.12% to about 5.51 reais per dollar, and an ETF tracking the Ibovespa plunged 12.72% in Tokyo. The Ibex 35 opened down 0.92%, dragged by Telefónica (-5.77%) and Santander (-5.13%).

In 30 seconds

Lula won the runoff with 51.79% of the vote against 48.21% for Flávio Bolsonaro
November real futures fell 9.12% to around 5.51 reais per dollar
An Ibovespa ETF plunged 12.72% on the Tokyo Stock Exchange and other references pointed to drops of up to 16%

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

Brasil
elecciones
real brasileño
Ibex 35
mercados

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Lula's victory surprises the market: the real falls 9% and Brazil ETFs plunge

In 30 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

Oil edges lower after U.S. bombs Iran ahead of Election Day