Brazil stocks set to slide as world leaders condemn pro-Bolsonaro riots

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Brazil stocks set to slide as world leaders condemn pro-Bolsonaro riots
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Brazilian stocks are expected to plunge on Monday after supporters of right-wing former president Jair Bolsonaro stormed government buildings on Sunday in protest against his election loss.

Bolsonaro's supporters stormed Brazil's Congress, Supreme Court and presidential palace in Brasilia on Sunday.

BRASILIA, Brazil - Jan. 08, 2023: Damage caused at the Supreme Court by supporters of former Brazilian President Jair Bolsonaro.Brazilian stocks are expected to fall on Monday after supporters of right-wing former president Jair Bolsonaro stormed government buildings on Sunday in protest against his election loss.

BRASILIA, Brazil - Jan. 08, 2023: Damaged furniture are seen piled in front of the Palacio do Planalto following a protest by supporters of Brazil's former President Jair Bolsonaro against President Luiz Inacio Lula da Silva."The coup plotters who promoted the destruction of public property in Brasilia are being identified and will be punished," Lula said in a tweet Sunday night, vowing to resume work in the palace on Monday.

He also accused the former president of encouraging "fascist fanatics," an allegation Bolsonaro denied in a series of tweets on Sunday. In a tweet Sunday night, U.S. President Joe Biden condemned what he called "the assault on democracy and the peaceful transfer of power in Brazil."

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