São Paulo stocks jump 8% and the real firms after Bolsonaro's first-round win

Bolsonaro won 47% of valid votes to Lula's 45%, and the two will face each other in the October 25 runoff Brazilian markets rallied sharply on Monday in response to the first round of the presidential election, in which Senator Flávio Bolsonaro finished ahead of President Luiz Inácio Lula da Silva, contrary to what polls had predicted. The São Paulo Stock Exchange's Bovespa index rose as much as 8% in early trading, above 208,000 points.

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