Brazilian President Luiz Inácio Lula da Silva was reelected to a historic fourth term Sunday, but his defeated rival and Trump ally Senator Flávio Bolsonaro said he would not accept the results and would mount a legal challenge.

Brazilians are choosing between President Luiz Inácio Lula da Silva and Flávio Bolsonaro in a polarizing presidential election.

Right-wing Senator Flavio Bolsonaro has followed his imprisoned father's lead by refusing to concede defeat to leftist ‌President Luiz Inacio Lula da Silva, who won a historic fourth term in Sunday's presidential election.

The leftist president, Luiz Inácio Lula da Silva, accused officials in some areas of slowing transit. His opponent, Flávio Bolsonaro, a Trump ally, said flooding was hampering his voters. Polling places were kept open an extra two hours.

Rio is where most Brazil conversations begin. Five other regions, from car-free Ilha Grande to remote Fernando de Noronha, show how much more the country holds.

Here are the key things investors need to know to start the trading day.

Flávio Bolsonaro - son of former president Jair Bolsonaro - won the first round of voting but fell short of an outright majority.

Vote-counting resumed in Brazil’s polarizing presidential runoff between incumbent President Luiz Inácio Lula da Silva and Flávio Bolsonaro after a chaotic, last-minute extension of polling station hours.