www.gandul.ro/international/cutremur-financiar-in-

Luiz Inácio Lula da Silva's presidential victory led to significant financial market turmoil in Brazil, with the São Paulo stock exchange dropping 15% and the real depreciating sharply. Investors had anticipated a win for conservative candidate Flávio Bolsonaro, which contributed to the market's reaction. Lula's plans for increased social spending raised concerns about fiscal policy, prompting massive sell-offs in stocks and a spike in government bond yields. The financial sector was particularly hard hit, with major banks experiencing double-digit declines. The market is now focused on Lula's economic decisions and the potential for fiscal reforms amid a politically divided Congress.