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International Business Times UK
International Business Times UK
World
Clark Garret Alvarez

Brazil Stocks Face 15% ETF Plunge as Lula's Shock Victory Over Flávio Bolsonaro Sparks Investor Fears

Luiz Inácio Lula da Silva Flávio Bolsonaro ETF Brazil Stock Market Japan
A Brazil-linked ETF plunged approximately 15% in Tokyo trading after Luiz Inácio Lula da Silva defeated Flávio Bolsonaro in the presidential election (for illustration purposes only) (Credit: Rafael Minguet/Pexels)

Brazilian stocks faced a severe sell-off on Monday, 26 October 2026, after President Luiz Inácio Lula da Silva's surprise re-election sent a Japan-listed exchange-traded fund (ETF) plunging approximately 15%, raising fears of further losses when Brazil's domestic markets reopened.

The market turmoil followed Lula's unexpected victory over right-wing Senator Flávio Bolsonaro in Sunday's presidential run-off, reversing investors' expectations of a political shift towards tighter government spending.

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