• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
Quilla NewsFinance & Technology
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Ibex stocks most exposed to Brazil fall after Lula's win

FinanceInternationalExpansión35 s readAI summary
Image: Expansión

The Ibex companies with the greatest exposure to the Brazilian market are wiping out the gains they posted on October 5, after the first round of Brazil's elections, and are now falling sharply after Lula da Silva won the runoff with 51.76% of the vote against 48.24% for Bolsonaro. Telefónica leads the index's losses with a drop of up to 8%, while Santander falls as much as 5%.

In 35 seconds

  • Lula da Silva wins Brazil's runoff with 51.76% of the vote against 48.24% for Bolsonaro
  • Investors are unwinding the gains the Ibex posted on October 5 on the first-round results
  • Telefónica leads the Ibex losses with a fall of up to 8% and Santander drops as much as 5%
Read the full story at Expansión

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

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