Brazil’s Ibovespa plunges 17.3% as Lula defeats Bolsonaro in presidential runoff; biggest-ever one-day crash

Brazil’s Ibovespa plunged 17.3% to an intraday low of 169,516 after President Lula defeated Flávio Bolsonaro in the presidential runoff. The fall was the exchange’s biggest single-day decline and erased market optimism that had followed the first round.