Brazil Bovespa Plunges 16.6% on Lula Re-election, Trading Halted

São Paulo's Bovespa index opened 16.6% lower after Lula da Silva's re-election, triggering a 30-minute trading halt. The sharp selloff reflects investor concerns over fiscal policy continuity and potential interventionist measures, though the magnitude suggests possible panic or liquidity issues. The halt underscores elevated market stress and uncertainty over Brazil's economic direction.

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