Brazil’s Stock Market Reopens Down Seven Percent as Coronavirus Advances

RIO DE JANEIRO, BRAZIL - The Brazilian Stock Exchange has returned from the Carnaval holiday in sharp decline amid confirmation of the first case of the coronavirus in the country and the spread of occurrences around the world.

The Brazilian markets reopened on Wednesday afternoon - after two days closed - with IBOVESPA, the main reference index, down by seven percent to 105,718 points at the end of the day. All the shares that make up the index operated in the red.

The drop in the Brazilian stock market is the highest since the so-called 'Joesley Day', the day on which . . .

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