Brazilian stocks close October sharply lower after post-election repricing
The Ibovespa’s 9.88% monthly retreat was concentrated in the five sessions after Brazil’s presidential runoff, as higher rate expectations and fiscal-policy uncertainty reshaped the relative performance of local shares.
Brazilian equities ended October with their largest monthly loss since June 2022 after a sharp market repricing following President Luiz Inácio Lula da Silva’s October 25 reelection.The benchmark Ibovespa closed on October 30 at 167,921.80 points, down 0.75% for the day and…
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