SÃO PAULO, BRAZIL – Major US stock market indices crumbled on Thursday with investors concerned about a new wave of the coronavirus. Brazilian assets did not escape the downturn. The iShares MSCI Brazil (EWZ), one of the most important index funds in the world and the biggest listed in New York and backed by Brazilian stocks, ended the day down 7.74 percent.
Like the indicator, Brazilian depository receipts (ADRs) also operated in the red. Petrobras’ ADRs dropped 8.99 percent, while Vale’s dropped 7.07 percent. Gol’s dropped 18.73 percent, while Embraer’s dropped 13.76 percent.