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Brazil stocks rise after 4 days of losses

Brazil stocks rise after 4 days of losses

Brazilian stocks are rising following losses during the four previous sessions as investors snap up shares seen as cheap.
Brazil's Ibovespa index was up 0.7 percent to 38,236 in the first 30 minutes of trading. The nation's currency, the real, fell against the dollar.
Thursday's gains came after shares of big Brazilian companies were battered in recent days on a gloomy outlook for the global economy. Latin American firms depend heavily on exports, and they have been crimped by lower worldwide consumption.
The advances for Brazilian stocks were in contrast to steep losses for other markets, particularly Asian equities.


Updated : 2021-01-24 11:30 GMT+08:00