Brazilian financial stocks rise by double digits on presidential election news

U.S.-listed shares of Brazilian fintech and financial services companies rose by double digits in premarket trading on Monday following news that South America’s largest country is heading into a runoff election. Right-wing candidate Flávio Bolsonaro managed to win 47% of the vote, surprising some poll watchers, while incumbent left-wing President Luiz Inácio Lula da Silva received 47%, the Rio Times reported. The two will face off again later this month as neither candidate scored the 50...