By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Stock prices for Brazil’s main firearms manufacturer, Taurus, registered a sharp decline on Tuesday, hours after Brazilian President, Jair Bolsonaro signed a decree that will loosen the requirements for gun ownership in the country.

According to the Bovespa Index, Taurus shares fell by over twenty percent on Tuesday opening the day at R$8.86/share and closing down at R$7.03/share. At the opening of the bell on Wednesday, the company’s shares had fallen even further to R$5.89/share.

"The people have decided . . .

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