Emerging Stocks Drop as Rousseff Win Slams Brazilian Real, ETFs

October 27, 2014 11:35 AM

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Emerging-market stocks fell as Brazil’s currency and Ibovespa futures sank after President Dilma Rousseff won elections. The Shanghai Composite (SHCOMP) Index completed its longest losing streak of 2014.

Ibovespa contracts expiring in December slid 7.1 percent to 48,790 in Sao Paulo and the real slumped as much as 3.3 percent against the dollar, the most since 2011. The iShares MSCI Brazil Capped Exchange-Traded Fund dropped 9.6 percent to $37.60 in pre-market New York trading. The Shanghai Composit...

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