Brazilian Stock Market Records World’s Worst Performance in Coronavirus Crisis

Meanwhile, the real sees its fourth greatest drop; analysts see excessive activity, but find it difficult to pinpoint the market "bottom".

RIO DE JANEIRO, BRAZIL - The Brazilian stock market has suffered the worst negative impact with coronavirus among the world's markets, recording a 52 percent drop in dollars compared to January, according to a survey conducted by the US bank Goldman Sachs.

This is the worst bear market, which is defined as a drop of over 20 percent, for the stock market since the 2008 global financial crisis.

In addition, the Brazilian real was the fourth most depreciated currency in the period, with a devaluation of 22 percent, and is currently quoted above R$5. The depreciation is only no . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?