IBOVESPA Drops 12.5 Percent and Halts Trading for 30 Minutes

Interest rate reduction by the US Central Bank signals that the negative effect of the coronavirus on the economy may be greater than expected.

RIO DE JANEIRO, BRAZIL - The drop in the IBOVESPA, Brazil's main stock index, accelerated rapidly at the start of trading on Monday, March 16th, reaching 12.5 percent at 72,321 points, triggering the "circuit breaker" mechanism, which halts trading for 30 minutes. The drop is . . .

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