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Brazil-focused ETFs are leaping in response to the first round of Brazil's presidential election, which saw far-right, former Army captain Jair Bolsonaro take nearly half the votes. The closest second, Fernando Haddad, received 29% of the vote, due to his Workers' Party's tarnished image following a graft scandal and Brazil's deepest recession during its tenure in power. A second round of voting will take place on Oct. 28.