🚨 BREAKING: 🇧🇷 The ETF tracking Brazil's stock market has crashed almost 20% in pre market after Lula won the presidential election.

Petrobras is down 12% in pre market, while Itaú has dropped 14%.

If Brazil's market opens with a similar drop, more than R$1.1 trillion could be wiped out from its market cap today.

#brl