🟢 Brazil ETF (EWZ) is trading 12.6% up in pre-market as Flávio Bolsonaro leads Lula into runoff

EWZ is trading at $42.99 (+12.57%) after investors reportedly viewed Brazil’s first-round result as a more market-friendly shift.

• Flávio Bolsonaro finished ahead of Lula, setting an October 25 runoff; EWZ rose about 10% overnight.
• Friday’s Ibovespa gain and election-driven repricing support the move.
• Profit-taking, the coming Focus survey and PMIs could affect follow-through.