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Brazil stocks set to slide as world leaders condemn pro-Bolsonaro riots
  • Bolsonaro’s supporters stormed Brazil’s Congress, Supreme Court and presidential palace in Brasilia on Sunday.

  • The demonstrators refused to accept Bolsonaro’s legitimate electoral defeat to leftist rival Luiz Inácio Lula da Silva.

  • “The coup plotters who promoted the destruction of public property in Brasilia are being identified and will be punished,” Lula said in a tweet, vowing to resume work in the palace on Monday.

"Brazilian stocks are expected to fall on Monday after supporters of right-wing former president Jair Bolsonaro stormed government buildings on Sunday in protest against his election loss.

The iShares MSCI Brazil UCITS ETF was down 2.2% early on Monday, pointing to declines when markets open in South America’s largest economy later in the day.

Bolsonaro’s supporters stormed Brazil’s Congress, Supreme Court and presidential palace in Brasilia on Sunday. The demonstrators refused to accept his legitimate October election defeat to leftist rival Luiz Inácio Lula da Silva."


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