October 29, 2018 / 12:19 AM / in 20 days

Tokyo-Listed Brazilian stock ETFs jump 11 pct after election

TOKYO, Oct 29 (Reuters) - Tokyo-listed Brazilian stock exchange traded funds (ETFs) jumped more than 11 percent to 7-1/2-month highs after far-right, former Army captain Jair Bolsonaro won Brazil’s presidential election.

Brazilian shares have bucked a sell-off in global shares in recent weeks, rising on hopes Bolsonaro will carry out market-friendly reforms, despite concerns about his admiration of the country’s 1964-1985 military dictatorship. (Reporting by Hideyuki Sano Editing by Shri Navaratnam)

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