Brazilian stocks and the real surged after Flávio Bolsonaro led the first-round presidential vote, with markets repositioning ahead of the October runoff.

Brazilian stocks and the real surged after Flávio Bolsonaro led the first-round presidential vote, with markets repositioning ahead of the October runoff.
Brazil’s Bovespa surged more than 7.7% to a record close after the first-round election result surprised markets. The real also posted its strongest daily gain in four years.
Can Brazil’s summer rally keep running?
The Ibovespa hit a three-month high after the holiday, with MRV Engenharia leading gains as momentum returned to Brazilian equities.
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