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Brazilian stocks jump as Bolsonaro becomes clear frontrunner
Markets moved after Brazil’s first-round election results, with a run-off scheduled for Oct. 25 against incumbent Lula da Silva.
Brazilian stocks jumped after the first round results of Brazil’s presidential election on Sunday, as investors shifted toward expectations that Jair Bolsonaro would be the next president.
Bolsonaro is set to face incumbent Lula da Silva in a run-off election on Oct. 25, according to CNBC coverage.
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