The Ibovespa fell for a 9th straight session, its worst since 2023, as Citi dropped Brazil's real from its carry-trade bets over a likely Lula win.
Brazil · Markets
Key Facts
—The streak The Ibovespa closed lower for a 9th straight session on Friday, its longest losing run since 2023.
—The close The index ended at 166,934 points, a seven-month low, down about 3.2% on the week.
—The banks Four big banks lost roughly R$96.7 billion (about US$18.6 billion) in market value over the nine days.
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