Why Is Brazil’s Itaú Unibanco Stock Plunging Monday?

Itaú Unibanco Holding S.A. (NYSE:ITUB) stock is plunging on Monday after Brazilian President Luiz Inácio Lula da Silva secured another term, defeating Sen. Flávio Bolsonaro.Lula won the Sunday runoff with 51.8% of the vote, ahead of Bolsonaro’s 48.2%. Lula’s surprise...