Brazilian stocks plunge 13.88% as real estate and financials drag IBOVESPA to one-month low

Brazil's stock market closed lower on Monday, with the IBOVESPA index falling 13.88% to a near one-month low, led by declines in real estate, consumer, and financial sectors. Only 440 stocks advanced against 3,619 decliners, with 14 unchanged. Major losers included MAGAZ LUIZA ON NM down 58.23%, Grupo Vamos SA down 56.79%, and Hapvida Participacoes e Investimentos down 54.93% to a one-year low. Gainers included Suzano Papel e Celulose SA up 10.08% and Brazil's Embraer up 8.89%. The Brazilian real weakened sharply, with USD/BRL rising 8.78% to 5.41 and EUR/BRL up 8.38% to 6.05. The CBOE Brazil Etf Volatility fell 5.26% to 64.13, while gold futures declined 0.30% and WTI crude oil futures dropped 0.38%.