IBOVESPA Closes Down 2.8 Percent with Worsened Perception of Coronavirus

The US government has revised the potential death toll projection from 100,000 to 240,000.

RIO DE JANEIRO, BRAZIL - The IBOVESPA closed down on Wednesday, April 1st, with the likelihood of the coronavirus impact on the world's largest economy being greater than expected. In the United States, where the health crisis is intensifying daily, there are currently nearly 190,000 infections and over 4,000 deaths from the disease.

The pessimism with the escalating situation has cost investors sleep, as they have rushed to more secure assets, causing new stock market casualties. The main index of the Brazilian stock market dropped 2.81 percent, closing at 71,966.70 points.

Investors were also attentive . . .

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