Brazil markets fall on report of presidential candidate in plane crash

RIO DE JANEIRO Wed Aug 13, 2014 11:40am EDT

RIO DE JANEIRO Aug 13 (Reuters) - Brazilian financial markets sold off on Wednesday after a report that presidential candidate Eduardo Campos of the Brazilian Socialist Party (PSB), who runs third in opinion polls ahead of October elections, was in a plane that crashed in the city of Santos.

Brazil's benchmark Bovespa index erased early gains and dropped 2.1 percent after a source in Campos' political party said the candidate was on the plane, a Cessna 560XL, that crashed in a residential area of Santos, Brazil.

The real also erased gains and weakened 0.3 percent to 2.2842 per dollar. (Reporting by Walter Brandimarte and Paula Laier; Editing by Chizu Nomiyama)


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