Brazilian Firearms Manufacturer’s Shares Plummet After Decree

According to the Bovespa Index, Taurus' shares fell by more than twenty percent on Tuesday after President Bolsonaro signed decree easing gun ownership rules.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Stock prices for Brazil’s main firearms manufacturer, Taurus, registered a sharp decline on Tuesday, hours after Brazilian President, Jair Bolsonaro signed a decree that will loosen the requirements for gun ownership in the country.

According to the Bovespa Index, Taurus shares fell by over twenty percent on Tuesday opening the day at R$8.86/share and closing down at R$7.03/share. At the opening of the bell on Wednesday, the company’s shares had fallen even further to R$5.89/share.

"The people have decided . . .

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