Economy · São Paulo, Brazil · October 26, 2026

Brazilian stocks and currency plunge after Lula win

Reported by 7 outlets · first reported Oct 26, 9:03 AM ET

Brazil's main stock index fell as much as 17% and trading halted. The real lost more than 8% against the dollar. Investors cited worries about government spending and debt.

Why it matters

A sharp fall in Brazil's currency and stocks raises import costs and unsettles other emerging markets.

Background

Lula has promised more spending on household relief. Brazil already carries high debt and borrowing costs.

The story so far

1. Oct 19Lula and Flávio Bolsonaro trade insults in Brazil run-off debate
2. Oct 26Brazilian stocks and currency plunge after Lula win
3. Oct 27Brazil markets fall after Lula's win

Follow the whole story →

Sources

• Al Jazeera ↗Oct 26, 2:27 PM ET
• CNBC ↗Oct 26, 10:09 AM ET
• MercoPress ↗Oct 26, 9:03 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

See it on the globe →All of Oct 26's stories