Brazilian stocks are plunging after Brazilian President Luiz Inácio Lula da Silva narrowly won re-election in Sunday’s runoff against Senator Flávio Bolsonaro. The iShares MSCI Brazil ETF (EWZ) plunged nearly 20% early Monday morning on Robinhood. The state oil giant Petrobras (PBR) plummeted 16%. Latin American payments and e-commerce giant MercadoLibre (MELI), whose largest market is Brazil, fell 7%. Low-Cost Finance… Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8
