Business

Fall of Brazilian papers in NY is a indication of fall in the stock market

The main indexes of the American stock exchanges melted, this Thursday, with the investors worried about a new wave of the coronavirus. Brazilian assets did not escape the drop. IShares MSCI Brazil (EWZ), one of the most important index funds in the world and the largest listed in New York and backed by Brazilian stocks, closed the day with a 7.74% decrease. Like the indicator, Brazilian stock receipts (ADRs) also operated in the red.

Source: Exame