Bolsonaro Flees to Florida After Lula Victory; Brazilian Markets Plunge

Incumbent Brazilian President Lula da Silva has won re-election over far-right challenger Flávio Bolsonaro, prompting the defeated candidate to flee to Florida amid fears of arrest. The Brazilian stock market recorded its largest drop since the pandemic, reflecting investor uncertainty over the political transition and potential policy shifts. The claim of a market crash and Bolsonaro's flight is based on a single translated report and requires corroboration.

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