RIO DE JANEIRO, BRAZIL - The IBOVESPA, the Brazilian stock market's leading indicator, closed down 7.64 percent to 85,171.13 points on Wednesday, March 11th. The financial market experienced another panic day after the World Health Organization (WHO) declared a coronavirus pandemic (Covid-2019).
In Brazil, the circuit breaker - a mechanism that interrupts trading for half an hour when the IBOVESPA reaches a ten percent drop - was triggered for the second . . .