Shares of most Brazilian stocks rose after the results of Brazil's presidential election came in earlier today.
Shares of the Uruguayan online marketplace MercadoLibre (NASDAQ: MELI) rose roughly 6.6% today. Shares of the digital payments companies StoneCo (NASDAQ: STNE) and PagSeguro Digital (NYSE: PAGS) rose by 10.7% and nearly 10%, respectively.
In Brazil's presidential election, no single candidate managed to obtain 50% of the vote, which means the election will head for a runoff later this month.
For further details see:
Why Shares of MercadoLibre, StoneCo, and PagSeguro Digital Rose Today