According to The New York Times, Brazilian electoral law experts say a two-hour voting extension ordered by Justice Cristiano Zanin could raise legal questions about the presidential election.
The report states that the order was issued around the scheduled 5 p.m. closing time. Some polling stations had already closed and locked their electronic voting machines, while others continued accepting votes until 7 p.m., potentially creating differences in voting access across regions. Electoral lawyer Priscilla Sodré Pereira described the situation as serious. Electoral law professor Fernando Neisser said annulment could be possible if the result is close and evidence establishes that extended voting disproportionately benefited areas supporting one candidate. Any such outcome would depend on the evidence and a ruling by the relevant electoral authorities.
MASSIVE CRASH at the opening in Brazil: $210,000,000,000 wiped out from the Brazilian stock market at open as it crashed -18.2%
Worst day in 36 years. Source: The Macro Paper
For the first time in decades, the IMF's biggest debt problem is not the poor countries.
It's the "rich" ones. Bond yields in the US, Europe & Japan are at all-time-highs. Meanwhile emerging markets are fine. The yield gap between EM & rich-world debt just hit its lowest since 2007. Source: Nic on X, Bloomberg
Brazil’s Presidential Election is officially headed for a runoff.
Source: Benny Johnson
As Flávio Bolsonaro takes lead in first round of Brazil election, the Next Funds Ibovespa Linked ETF traded in Jan surged by more than 11% (this includes a 4% appreciation of the $BRL)
Source: FT
Bolsonaro now has the highest odds of winning the upcoming Brazil elections by a considerable margin
Source: Polymarkets
SK Hynix last 5 days "price discovery"
8/3: -11.47% 7/31: +26.42% 7/30: -3.62% 7/29: -7.54% 7/28: -16.16% Source: zerohedge
MASSIVE REVERSAL IN SOUTH KOREA
₩720 trillion has been added to Korean market today as KOSPI surged 16%. Samsung is up 20% SkHynix is up 25% Source: The Macro paper
