NewzLuiz Inácio Lula da Silva won his fourth mandate as president of Brazil in a Sunday second-round runoff election, securing 51.8% of the vote against his opponent. Lula achieved the unexpected victory after previously trailing by 2.2 million votes three weeks prior, utilizing strategies that included mobile messaging mobilization and overcoming a deficit in a historically competitive race.
The election outcome immediately impacted financial markets. The São Paulo Stock Exchange plunged and suspended operations for half an hour following a sharp drop exceeding 15%, while the Brazilian real depreciated 12% against the US dollar.
Internationally, the victory drew diverse reactions. Russian President Vladimir Putin congratulated Lula and praised his contribution to bilateral relations. Analysts noted the result serves as a boost for Latin American left-wing movements while countering the political alignment goals of figures like Donald Trump and Javier Milei.
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