Brazilian Ibovespa fund jumps 8% in Japan after Bolsonaro leads first round

Brazilian equity futures and the Ibovespa-linked fund surged over 8% in early trading after first-round presidential results showed Flávio Bolsonaro leading with 47.14% vs Lula's 45.03%, with 99.46% of votes counted. The market is pricing a likely runoff and potential Bolsonaro victory, which investors view as more market-friendly. The move reflects optimism but is preliminary; final results and second-round dynamics remain uncertain.