AUTOMATED SUMMARY
Luiz Inácio Lula da Silva won a fourth term as Brazil's president, defeating Senator Flávio Bolsonaro 51.8% to 48.2% in Sunday's runoff. The count followed a Supreme Court order that extended voting nationwide by two hours, a request both campaigns had made.
Bolsonaro declined to concede and said he would seek to have the result annulled, calling the extension unacceptable. Brazilian stocks fell sharply on Monday, and trading on the exchange was halted by a circuit breaker.
The outcome cut against market expectations of a Bolsonaro victory, and the dispute is expected to move through the courts.
FACTS
01 Cristiano Zanin had been Lula's criminal defense lawyer before Lula appointed him to the Supreme Court in 2023. DAILY WIRE
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