Inquiring minds need to know... Trumphino seizing power of infrastructure ahead of 2022 election. Investors flee Brazil, Petrobras as Bolsonaro sparks crisis of confidence Feb. 22, 2021 6:26 PM ETPetróleo Brasileiro S.A. - Petrobras (PBR)By: Carl Surran, SA News Editor42 Comments Petrobras (PBR -21.0%) lost a fifth of its market value today after Brazil's President Bolsonaro named an army general to take over the oil giant in an apparent bid to control fuel prices, sparking an investor crisis of confidence in his administration's previous commitment to free market policies. As investors fled Brazilian assets, the Bovespa stock market index fell nearly 5%, while the Brazilian real slumped more than 1% vs. the dollar; prices of bonds tied to Petrobras also fell. ETFs: EWZ, BRZU, BRF, EWZS, BZQ, UBR, FBZ, FLBR Shares of Brazil's biggest power companies also fell after Bolsonaro told supporters that he planned to "stick his finger" in that sector too: EBR -2.2%, ELP -5.6%, UGP -7.4%. Shares of Brazilian banks were thrashed: ITUB -9.3%, BBD -7.8%, GGAL -6.9%, BSBR -5.8%, Also: VALE -3.8%, GOL -6.3%.