Brazilian Stocks Plunge Over 23% in Premarket as EWZ, PBR, BBD Tumble

Brazilian equities and ADRs are collapsing in premarket trading, with EWZ down 25.3%, PBR 23.1%, and BBD 31.2%. The sharp selloff follows an unspecified event, likely election-related, and analysts warn of contagion to Argentine assets, as seen after the first round. The magnitude suggests a major repricing of Brazilian risk.

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