BRAZIL ETF POSTS RECORD $700 MILLION INFLOW

Investors poured a record $700 million into the iShares MSCI Brazil ETF ($EWZ) in a single day, the largest inflow in the fund's 25-year history, after Bolsonaro-aligned candidates beat polling expectations in Brazil's state and congressional races. Trading volume hit $8 billion, matching the record set during Brazil's 2018 Bolsonaro election, and the fund jumped 12% in one of its biggest daily moves ever. Analysts warn that positioning built on early runoff bets can unwind just as fast if the final results disappoint.