Brazil Election Shock Sends ETFs Flying: Here Are the Biggest Winners
Brazil' Flávio Bolsonaro takes a surprise first-round lead over Lula. EWZ, BRF, BRZU, BRAZ, FLBR and BRZL are among the top gainers.
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QUICK SPARK: Brazil's Retail Broker XP Notches Best Day Ever, Tops Russell 1000 Performers
XP Inc. jumped 34% to its best day ever, leading the Russell 1000 after Flávio Bolsonaro won the first round of Brazil's presidential vote.
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Shares of U.S.-traded companies with Brazil exposure are trading higher after the first round of Presidential election balloting showed right-wing candidate Flavio Bolsonaro with a lead over Lula, the current left-wing President. The results may indicate a possible pro-business final election outcome ahead of the October 25 run-off vote, wherein the winning candidate must achieve a majority above 50%.