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Why Shares of MercadoLibre, StoneCo, and PagSeguro Digital Rose Today

Why Shares of MercadoLibre, StoneCo, and PagSeguro Digital Rose Today

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.