Brazil-China ties in focus as Bolsonaro gets election edge over Lula

Brazil's presidential election has taken a surprising turn, with right-wing challenger Flavio Bolsonaro winning a first-round victory over Luiz Inacio Lula da Silva. Bolsonaro secured 47 per cent of the votes, while Lula trailed behind with 45 per cent. The outcome sets the stage for a second-round runoff election on October 25. The shift in power dynamics could have implications for Brazil's economic ties with China, a key trading partner for the South American nation.

Why it matters

Brazil's presidential election is moving towards a run-off, which could lead to changes in the country's economic policies. A new government may bring fresh investment opportunities, which could boost investor sentiment and lift the country's assets.

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