{
  "id": 16580320,
  "title": "From Telefónica to Santander: the stocks most exposed to Brazil plummet on the Ibex",
  "url": "https://urgent.news/2026/10/26/de-telefonica-a-santander-los-valores-mas-expuestos-a-brasil-caen-con",
  "topic": "world",
  "section": "World",
  "published": "2026-10-26T09:20:50.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/mercados/2026/10/26/6adf08fe468aebd8488b4577.html"
  },
  "original_language": "es",
  "account": "The Spanish stock market, Ibex, has seen significant drops, with some stocks falling by up to 8%, following the second round of presidential elections in Brazil. Lula da Silva has won the election with 51.76% of the votes, defeating Flávio Bolsonaro who secured 48.24%. This outcome has led investors to unwind positions they had taken based on the expectation of a Bolsonaro victory, causing declines in major Spanish companies with significant exposure to the Brazilian market, including Telefónica, Santander, and Mapfre. Telefónica's stock has plummeted by 8%, while Santander and Mapfre have also seen substantial drops.",
  "summary": "A month before the general elections in Spain, Ibex investors are assimilating another of the elections with the greatest influence on their companies: the second round of the presidential elections in Brazil. The results have a negative impact on several of the heavyweights of the Ibex.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "El Pais Economia",
        "title": "Telefónica, Deutsche Telekom, Orange and Vodafone are teaming up to take on Elon Musk.",
        "url": "https://urgent.news/2026/10/19/telefonica-deutsche-telekom-orange-y-vodafone-se-alian-para-plantar",
        "published": "2026-10-19T09:42:40.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Deutsche Telekom, Orange, Telefónica and Vodafone are exploring a joint satellite spectrum bid",
        "url": "https://urgent.news/2026/10/19/deutsche-telekom-orange-telefonica-and-vodafone-are-exploring-a-joint",
        "published": "2026-10-19T11:40:24.000Z"
      },
      {
        "outlet": "The Corner",
        "title": "Telefónica, Deutsche Telekom, Orange and Vodafone are evaluating a joint bid for Mobile Satellite Services (MSS) spectrum in Europe.",
        "url": "https://urgent.news/2026/10/20/telefonica-deutsche-telekom-orange-and-vodafone-are-evaluating-a",
        "published": "2026-10-20T08:28:06.000Z"
      },
      {
        "outlet": "El Pais Economia",
        "title": "Murtra replaces the entire top management of Telefónica in Brazil in the midst of the electoral campaign",
        "url": "https://urgent.news/2026/10/21/murtra-desplaza-a-toda-la-cupula-directiva-de-telefonica-a-brasil-en",
        "published": "2026-10-21T22:16:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}