Brazil markets close sharply lower as Rousseff gains in polls
SAO PAULO, Sept 29 (Reuters) - Brazilian financial markets took a beating on Monday as polls showed President Dilma Rousseff pulling ahead of challenger Marina Silva before Sunday's election.
Brazilian investors have been heavily critical of Rousseff's government for implementing policies against minority shareholders' interests in state-run companies and a tendency to enact one-off stimulus measures rather than structural reforms.
The Brazilian real closed at 2.4552 per U.S. dollar, its weakest level since December 2008, while the benchmark Bovespa stock index notched its biggest one-day loss in over three years. (Reporting by Asher Levine; Editing by Chris Reese)
© Thomson Reuters 2017 All rights reserved.