In the first round of voting in Brazil's presidential election, Flavio Bosonaro unexpectedly overtook Lula. European stocks, which are heavily invested in the Brazilian market, rose in response, and Brazilian assets are expected to strengthen. Santander rose as high as 2.7% in the intraday period, then the increase narrowed; Telefónica peaked 2.2% and Carrefour rose 1.7%. Bloomberg statistics show that more than 20% of the above three companies' revenue comes from Brazil. The market believes that Bosonaro is more friendly to the business environment, and investors expect him to be more likely to introduce policies to improve Brazil's deteriorating financial situation.

In the first round of voting in Brazil's presidential election, Flavio Bosonaro unexpectedly overtook Lula. European stocks, which are heavily invested in the Brazilian market, rose in response, and Brazilian assets are expected to strengthen. Santander rose as high as 2.7% in the intraday period, then the increase narrowed; Telefónica peaked 2.2% and Carrefour rose 1.7%. Bloomberg statistics show that more than 20% of the above three companies' revenue comes from Brazil. The market believes that Bosonaro is more friendly to the business environment, and investors expect him to be more likely to introduce policies to improve Brazil's deteriorating financial situation.