Ibovespa, Brazil’s benchmark stocks index, fell 10 percent early in the afternoon, amid global risk aversion. Negotiations will be stopped for 30 minutes, and a further circuit breaker may be triggered if losses surpass 15 percent.
The rout is causing investors to wonder whether Brazilian authorities should take measures to provide shelter for markets. In France, Italy, and Spain, short-selling—a form of operation that lets investors profit from the downfall of stocks—is currently banned.
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