The Aporia
Flavio Bolsonaro, a Brazilian politician, stated that he would work with both China and the US if he becomes Brazil's president. His surprise performance in the October 2 election left him ahead of incumbent President Luiz Inacio Lula da Silva by about two points. This outcome prompted an increase in Brazilian financial assets as investors expect market-friendly policies from Bolsonaro. According to a recent Datafolha poll, Bolsonaro would take 52% of valid votes compared to Lula's 48% in the October 25 runoff election. Brazil's economy is heavily dependent on trade with China, its largest trading partner.
Bolsonaro finished ahead of President Luiz Inacio Lula da Silva by about two points in Sunday’s first-round election, a result that sparked a surge in Brazilian assets due to investor views that he is more likely to pursue market-friendly financial policies.