[uam_ad id="317182"]

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s stock market (Bovespa) tumbled on Monday, as the financial market reacted negatively to the re-election of incumbent president Dilma Rousseff on Sunday, falling by as much as 6.18 percent during the morning trading hours and closing down by 2.77 percent, at 50,503 points.

“The election led to some volatility in the markets,” said Brazil’s Finance Minister Guido Mantega during a press conference on Monday, “This, however, is also due to external factors. We are seeing all stock markets fall today.” According to Mantega . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?