Brazil’s Ibovespa surged 3.3% to close at a record 171,817 on Wednesday, outperforming global peers as heavy inflows and falling domestic borrowing costs fueled a broad advance led by the index’s largest weights. Banks and market-linked stocks spearheaded the rally as future interest rates fell sharply across the curve, easing valuation pressure on rate-sensitive sectors and boosting demand for financials, with Banco do Brasil, Bradesco, and Ita