Bolsonaro concedes defeat, vows congressional fight against Lula

Brazilian President Jair Bolsonaro acknowledged electoral defeat to Luiz Inácio Lula da Silva but announced a strategy to oppose him in Congress. The Brazilian market reacted to Lula's victory, while Lula thanked congratulatory messages from Claudia Sheinbaum and other leaders. The shift from contesting results to legislative opposition marks a potential stabilization of Brazil's political transition.

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