Economy
Brazilian ADRs plunge in New York pre-market following Lula's reelection
The iShares MSCI Brazil ETF drops 26% abroad, with major institutions facing significant losses after the presidential election results.
You have used your 3 free reads for today
The full text of this story becomes available after the daily renewal. Sports and entertainment stay open. The paid subscription is not open yet.
Your free reads renew on 11/15/2026 at 00:00 (Brasília time).
The essentials of this story
- What happened
- Shares and funds of Brazilian companies traded in the United States plummeted in the pre-market following the election results.
- Who is affected
- Investors, shareholders of Brazilian companies listed abroad, and agents in the foreign exchange and interest rate markets.
- What changes
- The financial market is undergoing a course correction with heightened volatility, losses in ADRs, and expected stress on government bonds.
Create a free account to keep reading: 3 full stories a day.
The paid subscription is not on sale yet. Free sign-up already works. Planned monthly price: R$ 9.90 (in US dollars and euros, a direct conversion at the official rate on the day you subscribe).
