Movement Alert｜XP Inc. Intraday Decline 53.98% in Regular Trading, Brazil Assets Repriced After Lula Reelection

Market Focus10-26

On October 26, XP Inc. recorded an Intraday Decline of 53.98% in Regular Trading, trading at $13.78 with turnover of $155 million.

The main catalyst was a sharp repricing across Brazilian assets after President Luiz Inacio Lula da Silva won reelection, pressuring Brazil-linked financial stocks listed in the US.

Market reports indicated Brazil financial names sold off broadly, with XP falling more than 40% in premarket trading before losses deepened during the session. The backdrop included a 12.2% drop in the Brazilian real against the US dollar and a 263-basis-point jump in Brazil's January 2035 rate contract to 15.375%, highlighting investor concern over fiscal discipline and local asset valuations. The move was notably more severe than peers in the Investment Banking and Brokerage sector, where Robinhood fell 1.56%, Goldman Sachs rose 1.18%, Morgan Stanley rose 1.25%, Interactive Brokers fell 0.46%, and Charles Schwab rose 0.4%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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