Brazil: Stocks dive, currency closes at new record low

Tue, Mar 17, 2020 - 6:44 AM

The Sao Paulo stock exchange closed down 13.9 per cent on Monday and the Brazilian real weakened to above five to the dollar for the first time ever in further fallout from the coronavirus pandemic.

PHOTO: REUTERS

[SAO PAULO] The Sao Paulo stock exchange closed down 13.9 per cent on Monday and the Brazilian real weakened to above five to the dollar for the first time ever in further fallout from the coronavirus pandemic.

The stock exchange's Ibovespa index closed at its lowest level since June 2018...

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