Zhitong Financial APP learned that the Brazilian High Electoral Court announced the results of the first round of the presidential election on the evening of October 2, local time, and the two candidates with the most votes, former President Lula and current President Bosonaro, entered the second round of showdown scheduled for the end of October. Shares and exchange-traded funds (ETF) linked to the Brazilian market rose on Monday, with iShares MSCI Brazil ETF (EWZ.US) up 9.85% and ETF (EWZS.US), a Brazilian small-cap stock, up 8.80%.

In addition, Brazil's benchmark IBOVESPA index, which covers the 84 largest stocks by market capitalization, closed up 5.54 per cent. Other Brazilian-related stocks also rose. Petroleo Brasileiro SA Petrobras (PBR.US) closed up 12.64%, BBD.US Bank (BBD.US) closed up 10.33%, BSBR.US Bank (BSBR.US) closed up 9.93% Magi Ambev SA (ABEV.US) closed up 9.89% Magi Braskem (BAK.US) closed 8.83% higher than Energy Company of Parana (ELP.US) closed up 8.94%, and Vale SA (VALE.US) closed up 6.98%.