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Everything tagged lula, across every stream.

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Lula wins a fourth term in Brazil from behind; Flávio Bolsonaro rejects the result and flies to the U.S.

NPR's report follows 72 hours from election night to a private-jet exit via Argentina, with Lula's and Trump's reactions.

Brazil's electoral court declared President Luiz Inácio Lula da Silva the winner of the October 25 runoff with about 51.8% of the vote, a lead of nearly 4.4 million over right-wing Sen. Flávio Bolsonaro. It is Lula's fourth, non-consecutive term, starting January 5, 2027, and the first time since military rule ended in 1985 that the second-place finisher in the first round won the presidency. Voting was extended two hours at both candidates' request; Bolsonaro called the extension unprecedented and asked for the result to be annulled.

On October 26 Brazil's Supreme Court ordered him to surrender his passports and barred him from leaving, amid money-laundering and tax-evasion investigations he denies. He crossed into Argentina on October 27 with his family and landed near Miami on October 28; a senior U.S. official said the State Department would issue the family visas. From the U.S., he called himself the country's "president-elect" and alleged fraud and persecution. His Liberal Party has acknowledged Lula's win. Lula called the departure "shameful." His father, ex-president Jair Bolsonaro, is under house arrest serving a 27-year sentence for plotting a coup.

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Brazil's stocks fall almost 14% and the real slides after Lula wins a fourth term

The Rio Times has the session in numbers; MercoPress explains why investors were positioned for the other result and what they want next.

Brazil's Ibovespa index fell 13.88% on Monday, October 26, to 176,608 points, its steepest one-day fall since March 2020, after President Luiz Inácio Lula da Silva won the October 25 runoff, according to The Rio Times. A circuit breaker halted trading for 30 minutes after a 10% drop in the morning. The US dollar rose 8.79% against the real, its largest one-day move since at least 2020. Banks and other domestic-focused companies fell hardest, while exporter Vale rose 4%.

MercoPress reports that markets had positioned for a win by Senator Flávio Bolsonaro, who led the first round, on expectations of tighter fiscal policy. Brazil's Treasury canceled the debt auctions scheduled for October 27 to 29. Bolsonaro has not recognized the result and has said he will seek to annul it. Analysts quoted by MercoPress say investors now want a fiscal plan that stabilizes debt, which exceeds 80% of GDP.

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