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U.S. President Trump said Brazil’s election looked like another rigged election; the original report also said Brazilian assets underwent a sharp repricing after Lula’s victory.
Brazil's small-cap index plunges 30%, recording its largest decline in history.
BlockBeats stated that, after Lula's re-election victory was confirmed, the EWZ contract on Hyperliquid at one point fell approximately 23%, with long liquidations and short auto-deleveraging occurring; open interest partially recovered after declining.
