Coronavirus

? Ibovespa triggers 6th circuit breaker in 10 days

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.

Natália Scalzaretto

Natália Scalzaretto has worked for companies such as Santander Brasil and Reuters, where she covered news ranging from commodities to technology. Before joining The Brazilian Report, she worked as an editor for Trading News, the information division from the TradersClub investor community.

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