巴西ETF东京下跌近15%，卢拉逆转赢得总统大选
Brazil ETF tumbles nearly 15% in Tokyo after Lula’s comeback runoff win
Lula defeated right-wing Senator Flavio Bolsonaro in the Brazilian presidential runoff on Sunday, with about 52% to 48% of the vote. The Tokyo-listed Brazil ETF fell nearly 15% during the session. In the extreme scenario given by Goldman Sachs, the U.S. dollar may rise by 10% against the real, long-term government bond yields may rise by about 200 basis points, and the Brazilian stock market may fall by about 15%. Market attention turns to the opening of the Brazilian local market, where the real, interest rate futures and Bovespa index will verify whether the selling continues.
After Lula won the election, Brazilian assets faced repricing pressure. The Tokyo Brazil ETF fell nearly 15% during the session, indicating that the risk aversion sentiment of overseas investors has significantly increased. Under Goldman Sachs' extreme scenario, there is a significant risk of fluctuations in the dollar against the real and long-term government bond yields, and the market focus turns to the verification of selling by the real and interest rate futures after the local opening in Brazil. Foreign exchange traders need to be alert to the disruption of emerging market risk sentiment to the U.S. dollar, and the safe-haven properties of gold may also come under scrutiny in this process.
卢拉胜选为巴西资产带来重新定价风险，东京ETF已下跌近15%，高盛极端情景显示美元兑雷亚尔或涨10%、长端收益率或升约200个基点。
来源：ForexLive · investinglive.com