Brazil's Bovespa closes at a record after Bolsonaro leads first-round vote

Brazil's Bovespa index rose 7.7% to a record close of 206,911.89 on October 5, 2026, after the first round of the presidential election in which Flávio Bolsonaro finished first with about 47% of valid votes, ahead of Lula with about 45%. The real strengthened about 4% against the dollar. Investors read the result as raising the odds of a change of government and tighter public spending from 2027, and the runoff is set for October 25.

• Bovespa close: 206,911.89, up 7.70%, a record close
• Real: up about 4%, to about 5.00 per dollar
• First round: Flávio Bolsonaro about 47%, Lula about 45% of valid votes
• Runoff on October 25, 2026; investors read the result as raising odds of a change of government