U.S. Stock Market Movement | Bolsonaro Performs Better Than Polls Expected, Brazilian Concept Stocks Rally

智通财经2026/10/05 14:26

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According to GTJAI, after the opening of the US stock market on Monday, Brazilian concept stocks collectively surged. As of press time, financial platform XP Inc (XP.US) rose over 30%, digital bank Nu Holdings (NU.US) climbed more than 13%, Petrobras (PBR.US) was up over 10%, Vale (VALE.US) increased by more than 4%, and MercadoLibre (MELI.US) gained more than 6%. The rally came after the results of the first round of the Brazilian presidential election, where Flavio Bolsonaro led current President Lula with about 47% of the vote compared to Lula’s 45%, performing better than previous poll predictions. The two will face off in a runoff on October 25. Investors are focused on Bolsonaro's policy proposals regarding tightening fiscal policy, controlling public spending, and lowering corporate taxes.

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