News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →Brazil’s Stock Market Crashes After Lula’s Upset Victory
Brazil’s stock market lost more than $200 billion in value at the open on Monday after President Luiz Inácio Lula da Silva beat Senator Flávio Bolsonaro in Sunday’s runoff, a result that prediction markets had priced at roughly a one in five chance. The iShares MSCI Brazil ETF, ticker EWZ, a basket of Brazilian stocks that trades in New York like a single share, fell as much as 26% from Friday’s close of about $42.60, touching $31.40 before trimming the loss to about 23% at $32.84 by 10:38 a.m. ET. That is memecoin-sized volatility for a fund built around Brazil’s biggest companies, and it leaves EWZ roughly where it started 2026 after a 34% gain through Friday. The dollar rose as much as 12% against the real on Friday, while the Ibovespa, Brazil’s benchmark stock index, fell as much as 17% to about 170,000 points. For a dollar-based investor, those moves at their worst combine to a loss of about 26%, in line with the ETF’s low. B3, the São Paulo exchange, halted trading for 30 minutes after the Ibovespa fell 10% from Friday’s close, its first circuit breaker since the COVID-19 pandemic. A circuit breaker is an automatic pause meant to slow panic selling, but the index kept sliding after trading resumed. Investors had been positioning for the opposite result since Bolsonaro unexpectedly finished first in the Oct. 4 first round, with 47.03% of valid votes to Lula’s 45.16%. The Ibovespa jumped 7.85% the next day and EWZ gained more than 10% on bets that Bolsonaro would tighten public finances and open the way to lower interest rates. Monday’s drop erased that rally and, at its lows, left the Ibovespa about 11% below its Oct. 2 close. But Lula didn’t just beat Bolsonaro, he also beat prediction markets. Polymarket gave Bolsonaro an<a href="https://x.com/Polymarket/status/2114003200017575948" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">> 82% chance</a> of winning the day before the vote, and Kalshi had him near 80% on Sunday morning. Both platforms are<a href="https://decrypt.co/resources/what-are-decentralized-prediction-markets-myriad-polymarket-kalshi" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow"> prediction markets</a>, where a contract that pays $1 if a candidate wins trades at 80 cents when traders see an 80% chance. Polling pointed to a coin flip rather than a favorite, with the latest Datafolha survey tied at 50% each among valid votes and CNT/MDA showing Bolsonaro ahead 50.5% to 49.5% in mid-October. Lula won 51.79% to 48.21%, a margin of about 4.4 million votes, according to Brazil’s Superior Electoral Court. Bolsonaro said on Sunday night that he does not recognize the result and will ask the courts to annul the election, after pledging in August to respect the outcome. He objected to Supreme Court Justice Cristiano Zanin’s decision to extend voting until 7 p.m. at the request of Lula’s campaign, which he said changed the rules midgame. His own campaign had separately asked for extr
Shanghai: Promote over 10% of high-quality industrial enterprises to implement classified and graded management of industrial internet security.
According to a report from Bijie.com, Caixin reported on October 27 that the Shanghai Municipal Commission of Economy and Informatization has issued the "Shanghai Action Plan for Accelerating the Development of a New Generation of Intelligent Manufacturing." The plan states that it is necessary to strengthen industrial cybersecurity protection capabilities, conduct cybersecurity attack and defense drills and emergency response drills, and enhance the ability to respond to cybersecurity incidents. At the same time, it is necessary to promote the implementation of AI security products such as security large models and security agents in the manufacturing industry, create 10 benchmark scenarios such as intelligent penetration testing and AI security operations centers, launch 20 cybersecurity products that deeply apply large models, and build a new protection paradigm of "using models to govern models." In addition, it is necessary to promote more than 10% of high-quality industrial enterprises to achieve classified and graded management of industrial internet security, strengthen classified and graded data management and security protection, and encourage more than 50 high-quality enterprises to carry out important data identification, graded protection, and risk assessment.
Office of the President of Finland: Discussed the Russia-Ukraine conflict.
Finland's President's Office: Finnish President Stubb and Norwegian Prime Minister Støre initiated a call with Russian President Putin to discuss the Russia-Ukraine conflict and diplomatic efforts aimed at ending the war and promoting peace and stability in Europe. The call is related to an upcoming meeting in Abu Dhabi.
Shanghai adds 4 new generative AI services
According to CoinWorld news, as of October 27, Shanghai has added 4 registered generative artificial intelligence services, bringing the cumulative total to 259 registered generative AI services. Generative AI applications or functions that have already gone online shall display the obtained launch number in a prominent position or on the product details page, and add generative synthetic content labels in accordance with the Measures for the Labeling of Generative Synthetic Content.
Shanghai: Accelerate breakthroughs in high-performance AI chips and build a computing power infrastructure system.
The Shanghai Municipal Commission of Economy and Informatization has issued the "Shanghai Action Plan for Accelerating the Development of a New Generation of Intelligent Manufacturing." The plan states that it will consolidate industrial network and computing infrastructure, support manufacturing enterprises in carrying out new-type industrial network upgrades, and promote the integrated evolution of control systems, industrial networks, and computing facilities. It will advance pilot programs for industrial 5G/EUHT standalone private networks, support the deployment of high-quality networks such as 5G-A and 10-gigabit optical networks, accelerate breakthroughs in high-performance AI chips, and build a "hub-region-edge" computing infrastructure system. It will strengthen the coordinated scheduling of intelligent computing resources, accelerate the construction of national computing interconnection nodes, promote standardized access to and on-demand invocation of computing resources, advance actions for inclusive provision of computing services, and drive the upgrading and efficiency enhancement of industrial intelligent computing cloud platforms.
Shanghai: By 2028, the scale of the intelligent manufacturing system integration industry will reach 100 billion yuan.
According to a report from Bijie.com, Caixin reported on October 27 that the Shanghai Municipal Commission of Economy and Informatization has issued the "Shanghai Action Plan for Accelerating the Development of a New Generation of Intelligent Manufacturing." The plan states that by 2028, Shanghai will achieve full coverage of smart factories among key manufacturing enterprises across the city, promote the widespread application of artificial intelligence in smart factories, cultivate 500 advanced-level smart factories, achieve breakthroughs in more than 2,000 AI application scenarios in manufacturing, develop 10 advanced and applicable vertical-domain large models, launch more than 300 high-level intelligent agents, and build new infrastructure that meets the needs of a new generation of intelligent manufacturing. The density of industrial robots will reach 600 units per 10,000 people, 8,000 humanoid robots will be introduced into factories, the scale of the AI-empowered new intelligent manufacturing equipment industry will exceed 200 billion yuan, and the scale of the intelligent manufacturing system integration industry will reach 100 billion yuan, completing the "54321" goals.
The Osaka Exchange will list Nikkei Semiconductor Stock Index futures.
Japan Exchange Group (JPX) announced on the 27th that it will list Nikkei semiconductor stock index futures on its Osaka Exchange. According to the results of the public comment process, the product is planned to begin trading as early as April 26, 2027. This comes especially as domestic Japanese semiconductor stocks are drawing market attention. The Nikkei Semiconductor Stock Index is composed of stocks of major semiconductor companies listed on the Tokyo Stock Exchange. Currently, the total assets under management of financial products such as exchange-traded funds (ETFs) tracking the index amount to approximately 200 billion yen.
US single stock options open interest stands at 430,559,093 contracts.
BiJie Network US stock market data: US single-stock options open interest stands at 430,559,093 contracts, of which 264,038,716 are calls and 166,520,377 are puts.
The Kremlin, commenting on the ceasefire agreement in Oleshky, stated that no violations of the agreement have been reported so far.
Crypto news outlet reports: The Kremlin, commenting on the ceasefire agreement in Oleshky, stated that no violations of the agreement have been reported so far.
AI chip startup Hyperbolic completes $30 million Series A-1 funding round.
CoinWorld news: AI chip startup Hyperbolic announced the completion of a $30 million Series A-1 funding round, led by Walden Catalyst, with participation from Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital, bringing its cumulative funding to $50 million. The Hyperbolic platform connects approximately $200 million in compute value annually and aims to reach $150 million in annual recurring revenue by the end of the year. The funds from this round will be used to expand its AI chip management tools across Neoclouds.