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Brazil’s stock market down 12% year-on-year while New York trading soars by double digits

RIO DE JANEIRO, BRAZIL - From January through September, Ibovespa, the benchmark index for the Brazilian stock market dropped 6.75%. Considering the dollar variation in the period, the plunge is 11.67%. In the United States, during the same period, the three main indicators accumulate gains. Dow Jones, S&P 500 and Nasdaq increased by 10.58%, 14.68% and 12.11%, respectively.

The Brazilian performance also diverges from the growth of other relevant Stock Exchanges in the American continent. In the north, Canada's S&P/TSX and Mexico's S&P BMV IPC indexes increased . . .

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