Bovespa Has Worst Semester Since 2008

By Maria Lopez Conde, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s stock exchange, the Bovespa, suffered a 22 percent loss in the first six months of this year, making it its worst semester since the financial crisis struck global markets almost five years ago. The Bovespa recorded a devaluation of over eleven percent in June alone.

Last month, the stock exchange closed at 47.457, consolidating an 11.3 percent devaluation and the index's most lackluster performance in over a year.

This semester’s result was only a little better than the Bovespa's worst drop of . . .

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