Brazil's Lula wins presidential election in runoff vote

Brazil's President and presidential candidate Luiz Inacio Lula da Silva waves a national flag during a campaign rally in Sao Paulo, Brazil, on Sept. 26, 2026. Miguel Schincariol | Afp | Getty ImagesLuiz Inácio Lula da Silva has won a fourth term as Brazil's president, coming from behind to beat Senator Flávio Bolsonaro in a runoff that split the country almost evenly. Lula took 51.8% of valid votes to Bolsonaro's 48.2%, according to the Superior Electoral Court. Victory of the 80-year-old leftist, who had trailed in the first round, blocks a rightward shift in Latin America that U.S. President Donald Trump has backed. Lula is set to govern from 2027 to 2030, facing a Congress where Bolsonaro's Liberal Party holds the largest bench in decades, and with the public debt that he must stabilize. Stock Chart IconStock chart iconiShares MSCI Brazil ETF (EWZ)This is breaking news. Please refresh for updates.