AINFT × SUN Model Battle officially begins, with a 500 USDT prize pool waiting to be shared

October 5 – As Brazil's right-wing senator Flávio Bolsonaro outperformed expectations in the first round of the presidential elections on Sunday, shares of Brazilian companies listed in the U.S. rose in pre-market trading (link). Bolsonaro held a narrow lead over the incumbent president Luiz Inácio Lula da Silva, with both set to compete in a runoff on October 25. The senator is the son of right-wing former president Jair Bolsonaro. “Bolsonaro's stronger-than-expected performance, coupled with a rightward shift in Congress, should support Brazil’s benchmark stock index Ibovespa and put downward pressure on long-term yields,” said Andrés Abadía, Chief Latin America Economist at Pantheon Macroeconomics. Shares of state-owned oil company Petrobras (PBR.N) rose 10.4%, while Latin America's largest private bank Itau Unibanco (ITUB.N) climbed 11.2%. Banco Bradesco (BBD.N) increased 10.8%, and aircraft manufacturer Embraer (ERJ.N) gained 6.3%. Brazilian e-commerce and fintech company MercadoLibre (BBD.N) and digital bank Nu Holdings (NU.N) rose 6.8% and 10.4% respectively. The iShares MSCI Brazil ETF (EWZ.P) was up 11.6%. As of the previous trading session, Brazil’s benchmark Bovespa Index (.BVSP) had gained over 19% year-to-date. (For the convenience of non-English speakers, Reuters automates the translation of its reports into several other languages. Automated translations may contain errors or may not provide needed context; Reuters does not guarantee the accuracy of automated translation texts and provides them solely for reader convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation functions.)

Huawei and Qualcomm (QCOM.US) announced on Monday that they have reached a comprehensive multi-year patent licensing agreement.