EMBRAER Shares Rise with News of Russian and Chinese Interest

After initial spike, Embraer shares fell during the trading session and closed with gains of only 2.44 percent, to R$7.15.

RIO DE JANEIRO, BRAZIL - EMBRAER's shares (EMBR3) experienced a highly volatile day on Friday, May 29th. After trading down for much of the morning, the shares began gaining ground at 11:20 AM (Brasília time), successively in and out of auctions after Reuters' news that the aircraft manufacturer is drawing interest from China's COMAC and Russia's IRKUT. At the peak of the day, assets climbed 18.62 percent to R$8.28 (US$1.56).

However, shares fell during the trading session and dropped from a high of over six percent to close with gains of . . .

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