Markets
U.S.-Listed Brazilian Shares Surge After Flavio Bolsonaro Leads the First Round of Brazil's Election
The iShares MSCI Brazil ETF closed up 13.33% and Nu Holdings rose 13.03% after a first-round result that polls had not predicted. A runoff is set for October 25.
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By Marcus Elrod
Oct 6, 2026 · 2 min read
Shares of Brazilian companies listed on U.S. exchanges rose sharply on Monday, the first trading session after Brazil's first-round presidential vote, in which right-wing Senator Flavio Bolsonaro finished ahead of incumbent President Luiz Inacio Lula da Silva.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.