Brazilian stocks fall 4.5% on China plunge
Brazilian stocks
Sao Paulo - Arab Today
Brazilian stocks fell 4.5 percent Monday as plunging Chinese shares unleashed fresh turmoil on global stock markets.
Sao Paulo's IBOVESPA stock index fell 6.49 percent in opening trade before recovering slightly, with shares down 4.5 percent to 43,647 points at mid-morning. Shanghai's stock market closed down 8.49 percent Monday, the biggest daily loss since 2007.
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