The son of the former president of Brazil, who unexpectedly lost in the elections, refused to recognize the fourth victory of Lula da Silva The current president of Brazil, Luiz Inacio Lulo da Silva, contrary to all predictions, won the second round of the elections, setting several records. He became the first head of state to be re-elected for the fourth time; And for the first time since democratic elections were restored in the country in 1989, the winner was the candidate who lost in the first round. His opponent Flavio Bolsonaro did not recognize the election results - just like four years ago his father, who is now serving a 27-year sentence for plotting a coup. Three weeks ago, da Silva lost to Senator Bolsonaro with 44.8% to 47.3% of the votes. But in the end, da Silva scored 51.8%, and his opponent - 48.2%. Polls indicated a likely victory for Bolsonaro, and participants in the financial market also expected it: now futures on the Brazilian real exchange rate point to a 10% drop at the opening of regular trading, and the exchange-traded fund on an index of Brazilian shares fell 15% in Asia, writes the Financial Times. More details.