Why Ambev S.A. Dropped Today
14 Articles
14 Articles
The São Paulo stock exchange, Brazil's largest, plunged more than 15% at the opening of the week on Monday after Luiz Inácio Lula da Silva's unexpected victory in the second round of the presidential elections held on Sunday. Lula's re-election was not well received by the markets, which were expecting a change at the helm of South America's most populous country and the entry of ultra-conservative Flávio Bolsonaro.
The São Paulo Stock Exchange, which discounted Bolsonaro's victory, gathers the instability that the fourth government of Octogenarian Lula will have to face.
São Paulo, 26 Oct (EFE).- The São Paulo Stock Exchange held heavy losses this Monday at half a session, with a fall of 15.7 %, following the re-election of Brazilian president Luiz Inácio Lula da Silva, in the Sunday elections. The park collapsed more than 16% in the morning, after a suspension [...] La entrada La Bolsa de São Paulo maintains strong losses at half a session after Lula's victory was first published in HolaNews.
The São Paulo Stock Exchange opened with a sharp drop of 16.6 percent, after the re-election of Brazilian president Luiz Inácio Lula da Silva.
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