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Santander Shares Fall 5.3% After Lula Wins Brazil Election

Banco Santander shares were down 5.3% at 10.90 euros in early European trading on Monday after Luiz Inacio Lula da Silva defeated Flavio Bolsonaro in Brazil's presidential election.

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By Michael HennesseyBanco Santander shares fell after a surprise victory for leftist candidate President Luiz Inacio Lula da Silva over right-wing contender Flavio Bolsonaro in Sunday's presidential election.Shares in Santander were down 5.3% at 10.90 euros during early European trading on Monday.T…