Tarcisio Supports Flavio Bolsonaro's Presidential Bid

Sao Paulo Governor Tarcisio de Freitas has declared his support for Brazilian Senator Flavio Bolsonaro's potential presidential run next year. His backing comes despite initial investor expectations for a more market-friendly candidate. Flavio's bid is also endorsed by his father, former President Jair Bolsonaro.

Sao Paulo Governor Tarcisio de Freitas publicly announced his support for Brazilian Senator Flavio Bolsonaro's potential presidential run in the upcoming election year.

Tarcisio's endorsement ended days of speculation and was solidified with his statement that Flavio could "count on" his allegiance, alongside his continued loyalty to Flavio's father, the former President Jair Bolsonaro.

Flavio Bolsonaro, bolstered by his father's endorsement despite the elder Bolsonaro's 27-year sentence for a coup plot, aims to consolidate right-wing support in a bid for presidency. This move surprised investors who anticipated a market-friendly contender like Tarcisio to emerge against leftist President Luiz Inacio Lula da Silva.

(With inputs from agencies.)