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Brazil's IBOV Market Index Slumps 23.5% At Open After Election Verdict, Logs Biggest-Ever Intraday Fall

Brazil's IBOV Market Index Slumps 23.5% At Open After Election Verdict, Logs Biggest-Ever Intraday Fall

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Brazil's five-year credit default swaps, a measure of the cost of insuring against sovereign default, jumped to 151.67 basis points from Friday's close of 120.21, S&P Global Market Intelligence data showed.

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