Brazil’s Ibovespa plunges 17.3% as Lula defeats Bolsonaro in presidential runoff; biggest-ever one-day crash

Brazil's Ibovespa plunged more than 17.3 percent to below 172,000 on Monday, its biggest-ever one-day decline. Brazilian assets sold off following President Lula's victory over Flávio Bolsonaro in the presidential runoff.