US President Donald Trump called Lula's victory in the presidential election in Brazil without providing evidence "like another fraudulent election" and described the two-hour extension of the voting time as "very strange". Flavio Bolsonaro, the right-wing candidate and son of Jair Bolsonaro, the former president of Brazil, lost to Lula by more than four million votes. He did not accept the result and said that he would demand the cancellation of the second round. However, Bolsonaro's Liberal Party recognized the election result. According to the analysis of the election records, less than 35,000 votes were cast during the extended two hours, equal to about 0.03% of the total votes. Geraldo Alchemin, Brazil's vice president, called Trump's statements "absolutely false" and "baseless." Lula's victory also affected the Brazilian markets. The value of the real against the dollar fell by 8.1 percent, and the country's stock market recorded the sharpest daily decline since 2020. Lula became president of Brazil for the fourth non-consecutive term.