Markets & Macro 28 Oct 2026 1 min read

Neutral · Market-wide Impact · Low Confidence 2/5

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Brazil’s Stock Market Crashes After Lula’s Upset Victory

Decrypt reported: Brazil’s Stock Market Crashes After Lula’s Upset Victory. The verified details are set out below.

What happened

Brazil’s Stock Market Crashes After Lula’s Upset Victory. Decrypt covered the story. This summary is limited to what the cited outlets reported.

The iShares Brazil ETF fell as much as 26% after Lula da Silva beat Flávio Bolsonaro, who prediction markets had at 80%, while the dollar jumped as much as 12% against the real. (Decrypt)

Every figure above is attributed to the outlet that reported it. This summary does not forecast prices and is not investment advice.

figure The iShares Brazil ETF fell as much as 26% after Lula da Silva beat Flávio Bolsonaro.

Source: Decrypt
figure Prediction markets had Flávio Bolsonaro at 80%.

Source: Decrypt
figure The dollar jumped as much as 12% against the real.

Source: Decrypt
fact The iShares Brazil ETF fell as much as 26% after Lula da Silva beat Flávio Bolsonaro, who prediction markets had at 80%, while the dollar jumped as much as 12% against the real.

Source: Decrypt