Brazilian Stocks See Record $2.01 Billion Inflow on Election Hopes
Foreign investors poured a record net 10.06 billion reais ($2.01 billion) into Brazilian stocks listed in Sao Paulo on October 5th, marking the highest single-day inflow on record. This surge was driven by increased hopes that opposition presidential candidate Flávio Bolsonaro, if elected, would address the country’s fiscal problems and pave the way for interest-rate cuts. The data was released by Brazilian exchange B3 SA on Wednesday.
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