Brazil's Ibovespa plunges 13.88% after Lula re-election, worst drop since 2020
Published 16 h ago12 sourcesEvidence: Reported
Brazil's B3 exchange adjusted the lower trading limit for Ibovespa Index Futures (IND) from -10% to -15% across all maturities. This is a regulatory change to accommodate greater volatility, likely reflecting recent market stress or expectations of increased downside risk. The move signals potential for larger intraday swings and may affect risk management strategies.
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