GoKawiilLula wins fourth term as Brazil president; Petrobras, Itaú shares plunge premarket
Luiz Inácio Lula da Silva secured a surprise fourth term as Brazil's president after trailing rival Flávio Bolsonaro in the first round, according to Reuters. Bolsonaro has refused to concede and says he will seek to have the result annulled, objecting to a Supreme Court justice's decision to extend voting by two hours. U.S.-listed shares of Brazilian companies dropped sharply premarket, with Petrobras down over 20%, Itaú Unibanco down nearly 30%, and Ambev off 19%.