Vale is trading 7.02% down at $11.53, with Brazilian equities under pressure after President Luiz Inácio Lula da Silva won reelection. - Investors had expected Brazilian assets to fall as bets on a government change unwind; Reuters reported a sharp decline in a Brazil-tracking ETF in Asian trading. - Vale’s Q3 results are scheduled for October 29; the report is not a newly announced company catalyst. - U.S. indices were modestly mixed; crypto moves are not a relevant driver for the iron-ore miner.