Lula Wins Brazil's Presidency Again, Markets Brace for Selloff
Luiz Inácio Lula da Silva won Brazil's presidential runoff on Oct. 25, 2026, defeating Flávio Bolsonaro by roughly 51.8% to 48.2%. Investors who had positioned for a Bolsonaro victory now expect a sharp selloff in Brazilian stocks, the real and government bonds.
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