RIO DE JANEIRO, BRAZIL - The Brazilian stock market dropped more than four percent on Friday, March 6th, and the main stock index fell below the symbolic 100,000 mark, widening the recent losses.
The IBOVESPA reflects the panic spread around the world that the coronavirus will cause more damage to the global economy than anticipated.
By 11:30 AM, the index dropped 4.18 percent to 97,964 points. By Thursday, March 5th, the Exchange had already closed lower by more than 4.6 percent.
Abroad, the European Stock Exchanges also operate in a sharp downturn, tumbling around three percent . . .
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