Brazil Stocks Surge to Record High
Brazil main stock exchange surged to a record high on Monday following a stronger-than-expected first-round election finish by right-wing Senator Flavio Bolsonaro. The Bovespa index jumped 7.7 percent to close at 206911.89 points as investors cheered pro-business prospects.
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Brazil's main stock exchange surged 7.7% to 206,911.89 points on Monday following a stronger-than-expected first-round election finish. The Bovespa index logged its largest daily jump since March 24, 2020, as right-wing Senator Flavio Bolsonaro secured 47% of the vote. He will face incumbent President Luiz Inacio Lula da Silva, who took 45%, in an October 25 runoff.
