{
  "id": 16984964,
  "title": "The Stock Exchange has fallen 16% with Lula so far. But the damage is greater than it seems",
  "url": "https://urgent.news/2026/10/29/a-bolsa-caiu-16-com-lula-ate-agora-mas-o-estrago-e-maior-do-que-parece",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T00:22:00.000Z",
  "source": {
    "name": "Brazil Journal",
    "slug": "brazil-journal",
    "url": "https://braziljournal.com/a-bolsa-caiu-16-com-lula-ate-agora-mas-o-estrago-e-maior-do-que-parece"
  },
  "original_language": "pt",
  "account": "The Ibovespa index fell 2.68% in today's trading session, but some sectors and stocks experienced much larger losses. Casas Bahia plummeted 20%, Cosan lost 12%, Cyrela dropped 11%, and Cogna declined 10%. The financial index IFNC and the electric energy index IEE also saw significant losses, falling 4.76% and 3%, respectively. Since Lula's re-election, the Ibovespa has accumulated a 16.6% loss in just three trading sessions, with some stocks, such as Vamos, Magazine Luiza, and Cosan, losing up to 60%, 59%, and 55% of their market value, respectively.",
  "summary": "The 2.68% drop in the Ibovespa on today's trading session hides an even greater destruction in some sectors and stocks. Casas Bahia, for example, plummeted 20% today, while Cosan lost 12%, Cyrela fell 11% and Cogna retreated 10%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}