RIO DE JANEIRO, BRAZIL - The Brazilian stock market has suffered the worst negative impact with coronavirus among the world's markets, recording a 52 percent drop in dollars compared to January, according to a survey conducted by the US bank Goldman Sachs.
This is the worst bear market, which is defined as a drop of over 20 percent, for the stock market since the 2008 global financial crisis.
In addition, the Brazilian real was the fourth most depreciated currency in the period, with a devaluation of 22 percent, and is currently quoted above R$5. The depreciation is only no . . .
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