# Brazil Presidential Election: Lula Victory Sends Real Plunging

> Lula's election win triggers 17% stock plunge as Brazilian Real hits year-to-date low.
- Title: Brazil Presidential Election: Lula Victory Sends Real Plunging
- Summary: Lula's election win triggers 17% stock plunge as Brazilian Real hits year-to-date low. Brazil's presidential election victory by Lula caused Brazilian stocks…
- Keywords: brazil, presidential election, lula, bolsonaro, brazilian real, stock market, circuit breaker, finance, markets, Presidential, Election, Victory
- Source: BigGo Finance — https://finance.biggo.com/news/d85b260f-6d98-47c2-9876-ba632e7b2a92
- Author: BigGo Finance
- Published: 2026-10-26T17:05:15+00:00
- Read time: 1 min
- Topics: brazil, presidential election, lula, bolsonaro, brazilian real, stock market, circuit breaker, finance, markets
## Brazil Presidential Election
Lula won Brazil's presidential election.
## Brazilian Real Plunges
The real hit year-to-date lows of 28.11 yen against the yen and 5.6042 reais per dollar.
## Stock Market Tumbles
Brazilian stocks fell more than 17% at one point, triggering a circuit breaker.
## Market Reversal
The market reversed its prior 'triple rally' bet on a Bolsonaro victory.
## Fiscal Concerns
Market participants warned Lula's spendthrift policies could delay fiscal reconstruction.
## Historical Context
The real's surge mirrors past crises including the 1999 currency crisis and 2008 financial crisis.
## Economist Views
Cristiane Quartaroli expects currency pressure until transition information is available.
## Market Outlook
Ettore Sanchez predicts dollar will trade around 5.50 reais for some time.
## Key takeaway

Brazil's presidential election victory by Lula caused Brazilian stocks to drop over 17% and the real to reach its lowest year-to-date value.