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المشهد العربي
Brazil shares rise over 8% in election rally
Brazilian stocks surged by over 8%, reaching unprecedented levels, following the progressive results of the first round of the presidential elections, where right-wing Senator Flávio Bolsonaro outperformed incumbent President Luiz Inácio Lula da Silva. The main index, Ibovespa, rose by 8.10%, reaching 207,655 points, while the US dollar declined by 4.36% against the Brazilian real. Both Bolsonaro and Lula advanced to the runoff scheduled for this month, each securing approximately 47% and 45% of the votes, amidst discussions surrounding issues of corruption, crime, and the rising cost of living.
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