Stock Market Loses R$ 963 Bi After Election and Shares Collapse
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The re-election of President Luiz Inácio Lula da Silva (PT) has caused one of the biggest devaluation waves of the Brazilian financial market since the implementation of the Royal Plan. Ibovespa 'burns' almost R$ 1 trillion in a week after the election of Lula - Photo: IA In just five pregions, the Stock Exchange of São Paulo (B3) lost almost R$ 1 trillion in market value, the dollar fired more than 9% and future interest recorded a strong rise,…
Ibovespa recorded the largest weekly decline since the beginning of the pandemic, while the dollar accumulated appreciation of 9,18%
Illustrative image Photo: PexelsB3 loses R$ 963 bi in post-election week, with Ibovespa falling by 18.12% and dollar in high
Exporters have gone up, while many stocks have fallen sharply
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