Brazilian ETF shares in U.S. down 1.2%, expectations for Sao Paulo

Worries about the spread of coronavirus and its potential impact on the global economy pushed down the index for Brazilian shares in exchange-traded funds on the New York stock market on Tuesday. Around 5.20pm local time, iShares MSCI Brazil , an index fund, or ETF, for Brazilian stocks traded in New York, slipped 1.2% to 39.84 points, while the Dow Jones Brazil Titans 20 ADR, which combines the main Brazilian ADRs, fell 2% to 20,711.20 points. Trading at the Sao Paulo stock exchange is expected to resume at 1pm local time after being closed Monday and Tuesday for Brazil’s Carnival holiday.

Source: Reuters