🇧🇷 LULA WINS A FOURTH TERM AND BRAZIL’S ETF PLUNGES NEARLY 20% IN A SINGLE NIGHT Lula beat Flávio Bolsonaro with 51.8% of the vote, securing a fourth term after an unprecedented comeback. The EWZ ETF dropped as much as 19.6% in US overnight trading as investors worried about government spending and debt, but that was a thin-liquidity session, and the real market reaction will only show on Monday.
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