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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Brazil stocks outshined the rest of the world ahead of the election — now comes the hard part

Fred Imbert

The iShares MSCI Brazil ETF (EWZ) — which tracks Brazilian shares — has skyrocketed more than 18 percent this month, while global shares are down 9 percent. Far-right candidate Jair Bolsonaro triumphed over leftist Fernando Haddad in national elections, and investors will be watching to see if the controversial new administration delivers on economic and budgetary promises. Global stocks have taken a beating this month, but one surprising market has bucked the overall negative trend: Brazil .

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