Brazilian assets tumbled on Wednesday, leading global losses, as President Jair Bolsonaro’s fiery rhetoric in protests the day before prompted a harsh response from the nation’s top court and muddied the country’s political and economic outlook.
The real fell 2.7%, the worst performing major currency, while stocks sank 3.5% to the lowest in more than five months. Brazilian markets were closed Tuesday for the country’s Independence Day holiday, when thousands of Bolsonaro supporters marched in pro-government demonstrations with slogans against the top court and calls for military intervention.
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September 08, 2021 at 10:30PM
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Brazil Assets Sink as Political Risk Flares Up Amid Protests - Bloomberg
"politic" - Google News
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