Brazilian assets plunge: real down 8.65%, Bovespa futures -15% after election shock

Investor reaction to Sunday's electoral result triggered a sharp selloff in Brazilian markets, with the real depreciating 8.65% and Bovespa futures falling 15% in premarket trading. JP Morgan advises against opportunistic buying, citing uncertainty. The magnitude suggests a significant repricing of political risk, though the sustainability of the move is unclear.

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