Brazil VIX hits record pre-election high at 31.84 as volatility spikes

Brazil's VIX, a measure of expected equity volatility, reached 31.84 points on Tuesday, a 4.29% rise, marking its highest level ever recorded before a presidential election. The surge reflects heightened investor anxiety ahead of the vote, though the specific trigger remains unclear. This signals elevated market uncertainty and potential risk-off sentiment in Brazilian assets.