Brazil ETF in Japan Falls About 15% After Lula’s Election Win

A Brazil ETF in Japan fell about 15% on Monday, Oct. 26, after President Luiz Inácio Lula da Silva won Brazil’s runoff election. A separate Hyperliquid perpetual contract linked to the iShares MSCI Brazil ETF (EWZ) also fell after Lula’s victory , dropping more than 22%. EWZ tracks large- and mid-cap Brazilian companies. The Brazil ETF in Japan and the Hyperliquid contract are different products traded in different markets, so their percentage declines do not represent the same price move. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.