Ibovespa Down 16% Since Lula Took Office; Sector Losses Deeper

Brazil's Ibovespa index has fallen 16% since President Lula took office, with today's 2.68% drop masking severe sector losses: Casas Bahia -20%, Cosan -12%, Cyrela -11%, Cogna -10%. The broad decline suggests investor concerns over fiscal policy and economic management, though specific triggers for today's drop are not detailed.

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