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Brazil: Stocks close down 5%

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The Sao Paulo stock exchange closed down 5.2 per cent on Monday, extending its recent losses as the coronavirus pandemic continued to devastate world markets.

[SAO PAULO] The Sao Paulo stock exchange closed down 5.2 per cent on Monday, extending its recent losses as the coronavirus pandemic continued to devastate world markets.

Brazil's Ibovespa index plunged more than seven percent in midday trading, before recovering some ground.

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