Brazil supreme court annuls Lula da Silva’s convictions
Stocks fall on news the leftist former president can run again for the nation’s top job
09 March 2021 - 00:07
Brasilia — Brazilian markets tumbled on Monday after supreme court justice Edson Fachin annulled former president Luiz Inacio Lula da Silva’s convictions in the “Carwash” corruption probe, clearing the way for the leftist leader to run again for the nation’s top job if he so chooses.
Stocks fell 4% on the news, by far the worst performer among major indexes on Monday. The real sank more than 2% to 5.82 per dollar at the close, the lowest since May and past the last technical barrier before the all-time intraday low of 5.97...
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