Ibovespa Extends Losses as Oil and Post-Election Risk Aversion Weigh
Brazil’s Ibovespa extended losses amid oil prices and greater risk aversion following the election.
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Ibovespa Extends Post-Election Losses
The Ibovespa fell 0.5% to close at 175,710, extending losses after plunging 13.7% on Monday following President Lula’s re-election. Lula’s victory erased the reduction in the risk premium that followed the right-wing landslide in the first round. Investors had widely viewed a potential Bolsonaro government as more like