Korean Stock & Equity Research

Macro & Policy/Currency & Rates

Brazil's presidential runoff on October 25, 2026 between incumbent Lula and challenger Flávio Bolsonaro isn't just a Brazilian political story — it directly affects a specific group of Korean investors who have been buying Brazilian government bonds for their tax-exempt yield. When the first round surprised markets on October 4, the Brazilian real jumped about 4% against the dollar (its biggest ..