iShares MSCI Brazil ETF plunges up to 19.63% in US overnight trading as real futures slide on Lula victory
iShares MSCI Brazil ETF (EWZ) dropped up to 19.63% overnight after Lula's presidential victory. Petrobras (PBR), Itaú (ITUB), and Vale (VALE) ADRs also fell. Real futures slid 9.97%, hitting R$ 5.56 per dollar. Analysts expect volatility as markets adjust to Lula's policies.







