EWZ is trading at $43.20, up +3.02%, as Brazilian stocks rally, with the Ibovespa rising more than 1%.
- Banks and energy stocks supported the advance. Itaú and Bradesco each gained around 1%, while Petrobras rose nearly 1% as oil prices stayed elevated.
- A runoff poll showing Flávio Bolsonaro ahead may have supported sentiment; a stronger real also helps dollar-based EWZ holders.
- Brazil’s rally appeared stronger than the modest gains in major U.S. indexes.