Lula da Silva Wins Brazil Presidential Election

In depth

Lula da Silva won the second round of Brazil's presidential election after trailing by more than 2.2 million votes in the first round. According to Haaretz, he defeated Jair Bolsonaro by a margin of more than four million votes, and according to TheMarker, the incumbent president, who is celebrating his 81st birthday this week, won the second round.

Bolsonaro refused to recognize the results. According to Arutz Sheva, Bolsonaro said it is "impossible to recognize the results" and would act to overturn them, and criticized the extension of voting hours. According to Ynet, Bolsonaro claimed he was barred from leaving Brazil and that police demanded he hand over his passports.

According to Calcalist, Brazil's stock exchange plunged after the victory, with the EWZ exchange-traded fund falling 20% in New York.