Brazilian stock market and currency plummet due to concern over political tensions

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SAO PAULO, Sept 8 (Reuters) – Brazil’s main stock index fell close to 4% on Wednesday, its biggest daily drop in six months, while the real also fell sharply, in a session that mirrored the concerns about the country’s economic agenda given the increase in political-institutional tensions.

* Brazilian President Jair Bolsonaro criticized the country’s Supreme Federal Court (STF) on Tuesday and questioned the integrity of next year’s elections, on a day in which his supporters demonstrated in major cities, in the middle intense tensions in the largest democracy in Latin America.

* The Bovespa closed down 3.75% to 113,451.50 points, the lowest close since March 24 and the largest daily percentage loss since March 8, according to preliminary data.

* The real, meanwhile, fell 2.84% to 5.3236 units per dollar, its largest daily percentage decline since June 2020.

(Reporting by Paula Arend Laier. Edited in Spanish by Rodrigo Charme)

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