Key facts
- Flavio Bolsonaro questioned election results and called for annulment.
- Lula da Silva won a fourth term as president.
- Jair Bolsonaro was sentenced to 27 years for plotting a coup.
Brazilian right-wing Senator Flavio Bolsonaro has refused to concede defeat to leftist President Luiz Inacio Lula da Silva, who secured a historic fourth term in Sunday's presidential election. Bolsonaro, son of former President Jair Bolsonaro, questioned the election results, citing alleged irregularities in voting transport and called for the annulment of the outcome. Analysts, however, noted that the scale of Lula's victory, with a lead of over 4 million votes, makes such efforts unlikely to succeed. Bolsonaro's stance could potentially spark protests in a country where faith in the electoral system has been strained. Lula's win defied polls and global anti-incumbent sentiment, disappointing the administration of US President Donald Trump. Financial markets reacted with initial concerns, with a Brazil ETF falling sharply in Asian trade and analysts anticipating a fall in the Brazilian real.