The Brazil ETF ($EWZ) jumped 12% overnight following stronger-than-expected election results for Bolsonaro and other right-wing, market-friendly candidates. The surge came as outcomes in races for state governors, Congress, and the Senate defied pre-election polling data. Market participants reacted positively to the political developments, which signaled continued support for pro-market policies across multiple levels of government. The rally highlights investor preference for right-wing leadership amid a decade of unreliable polling accuracy in Brazilian elections.