Ibovespa Leads World Losses as Real Tumbles After Poll

The Ibovespa led losses among global stock benchmarks while the real slumped to a 13-month low after a poll showed increased support for President Dilma Rousseff’s re-election bid.

The Ibovespa declined 4 percent to 54,931.90 at 3:36 p.m. in Sao Paulo, set for the biggest decline since July 2013. State-controlled oil producer Petroleo Brasileiro SA contributed the most to the gauge’s decline, tumbling as much as 11 percent. The real fell 1.3 percent to 2.4517 per U.S. dollar, the most among 31 major currencies tracked by Bloomberg.