Stock market closes in 7% drop with coronavirus and approaches Joesley Day losses

Stock market closes in 7% drop with coronavirus and approaches Joesley Day losses

São Paulo (SP),26/02/2020 -FINANCIAL MARKET- The Brazilian stock exchange returned from the Carnival holiday with a sharp drop of 7%, to 105,718 points, the lowest level since October. The drop is the biggest since Joesley Day, when the stock market fell 8.8% after disclosing a compromising recording between the president and businessman Joesley Batista, on May 18, 2017. In nominal terms, the stock market's loss of score on this Wednesday was greater than the drop in 2017. There were 7,647 points less for the Ibovespa in this session against 5,943 points about three years ago. The index reflects the sharp drops in global markets in recent days, due to the increase in cases of coronavirus outside China, especially in the more industrialized region of Italy. The perception is growing that the growth of the global economy may be less than expected for this year. The dollar rate closed up 1.3%, at R $ 4.45, a new nominal record (without considering inflation). In the session, it is the currency that most devalues ​​among the main currencies this Wednesday.(Photo by Cris Faga/Sipa USA)(Sipa via AP Images)

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February 26, 2020 08:59:43 PM
February 27, 2020 02:00:05 AM
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