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Lula wins unprecedented fourth term in Brazil
Brazilian President Luiz Inácio Lula da Silva won a historic fourth term in Sunday's runoff, defeating opposition candidate Flávio Bolsonaro, according to the electoral court, in a result that defied polls and global anti-incumbent sentiment. Bolsonaro is contesting the results, setting the stage for a challenge. 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 victory on social media. Brazilian markets were set for a sharp sell-off on Monday as the result upended investor bets on a right-wing win.
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