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Brazil's main stock index fell 1.15% to 204,120 on Thursday as a tied runoff race and a global tech sell-off cut risk appetite three days before the vote. The post Brazil Stocks Fall 1.15% on Election Nerves | Brazil Market Report, Oct 22 appeared first on The Rio Times.
Investor jitters are kicking in ahead of Brazilโs presidential election runoff, sending the cost of hedging surging.
The searing financial-market rallies unleashed by elections across Latin America are beginning to show signs of cracks โ sowing doubts among money managers over whether to keep pushing stocks and currencies even higher or lock in profits as campaign promises start colliding with the difficulty of governing.