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Latin Times
Latin Times
Business
Miguel Paiva

Beyond the Ballot: How Flávio Bolsonaro's Unexpected Lead Triggered the Biggest Market Day in Brazil's History

People walk past the Federation of Industries of the State of Sao Paulo (FIESP) building on Paulista Avenue in Sao Paulo, Brazil, on October 4, 2026, on presidential election day. Brazilians head to the polls in a highly polarized presidential election between incumbent leftist President Luiz Inacio Lula da Silva -seeking a fourth presidential mandate- and right-wing senator Flavio Bolsonaro, who emerged as the leading figure of the conservative movement following the conviction and imprisonment of his father, former president Jair Bolsonaro. (Credit: Photo by Pablo PORCIUNCULA / AFP via Getty Images)

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