Brazilian stocks are plunging as 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) crashed nearly 20% early Monday on Robinhood. State-owned oil giant Petrobras (PBR) plunged 16%. Latin American e-commerce and payments giant MercadoLibre (MELI), whose largest market is Brazil, fell 7%. Low cost financing…
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