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Brazil’s Ibovespa stock index plunges 3%, falls to 110,000 points; dollar rises, hits R$5.42

RIO DE JANEIRO, BRAZIL - After a slight respite on Monday's trading session, Ibovespa fell again on Tuesday, September 28. The main index of the B3 followed the pessimistic scenario in the United States, with investors concerned about the rise in inflation and a potential interest rate hike ahead of schedule.

Amid the already negative external scenario, the Ibovespa deepened its losses with the news of a potential extension of the emergency aid payments. The index closed the day down 3.05%, at 110,123 points. In the day's minimum, Ibovespa fell below the 110,000-point mark.

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