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Lula wins historic 4th term in Brazil
Brazilian President Luiz Inacio Lula da Silva won a historic fourth term on Sunday, according to the country's electoral court, in a result that defied polls and global anti-incumbent sentiment. He defeated opposition candidate Flavio Bolsonaro, who has refused to concede and is challenging the results, setting the stage for a tense post-election period. Brazilian markets were set for a sharp sell-off on Monday as the outcome upended investor bets on a right-wing victory. Korean President Lee Jae Myung congratulated Lula on Monday, saying, "I congratulate you on your victory with greater pleasure than anyone." Left-leaning leaders across the Americas also welcomed the result on social media, while the victory was seen as relief to critics of widening U.S. influence in Latin America.
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