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Brazil equities surge most since 2020 on Bolsonaro election lead

Brazil's benchmark stock index Bovespa (IBOV) surged the most since March 2020, and the real currency rallied after Flavio Bolsonaro led President Luiz Inacio Lula da Silva in the first round of elections.

IBOV

Brazil's benchmark stock index Bovespa BMFBOVESPA:IBOV rose the most since March 2020 on Monday, while the real also strengthened after senator Flavio Bolsonaro unexpectedly led President Luiz Inacio Lula da Silva in the first round of elections.