🔴 Ambev is trading 12.88% down in pre-market after Brazil election result sparks asset selloff

Ambev is trading now at $2.88, down 12.88%, after Brazil’s presidential election result triggered a sharp selloff in Brazilian assets.

• Lula’s victory over Flávio Bolsonaro was followed by reported overnight declines in Brazilian equities and Ambev’s depositary receipts, as investors weighed the country’s fiscal outlook.
• This is a broad Brazil-market catalyst, not a reported Ambev-specific announcement.
• Ambev’s third-quarter results are scheduled for October 29.