São Paulo stock exchange plunges 16.6% after Lula's victory in Brazil

FinanceInternationalCaracol RadioOct 26, 2026, 10:20 AM35 s readAI summary

The São Paulo stock exchange opened Monday down 16.6% after the re-election of Luiz Inácio Lula da Silva. The market triggered the circuit breaker for the first time since 2020, after halting trading for 30 minutes on losses above 10%. Petrobras fell 8.6% and bank Itaú 15.6%. The Brazilian real depreciated 12% against the dollar. The market had expected a victory for Bolsonaro, who had promised fiscal adjustment and privatizations.

In 35 seconds

São Paulo's stock exchange fell 16.6% at the open after Lula da Silva's re-election.
The circuit breaker was triggered for the first time since 2020, with a 30-minute halt.
Petrobras lost 8.6% and Itaú 15.6%; the real depreciated 12% against the dollar.

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

Brasil
bolsa
Lula
real brasileño
Petrobras

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São Paulo stock exchange plunges 16.6% after Lula's victory in Brazil

In 35 seconds

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