© Reuters. The Sao Paulo Stock Exchange sinks 3.39% for fear of a new variant of covid
Sao Paulo, Nov 26 (EFE) .- The Sao Paulo stock market sank 3.39% this Friday and its index, the benchmark for the stock market, stood at 102,224 points, according to preliminary data, after a day marked by widespread terror that took over the global market due to the appearance of a new variant of the coronavirus.
The Brazilian market accompanied the steep falls that dyed the main world stock markets red, including Wall Street, which closed with heavy losses and the biggest drop so far this year (-2.53%), amid the growing concern about the new variant found in South Africa, whose transmission potential threatens a new upsurge in the pandemic.
In the foreign exchange market, the US dollar appreciated today by 0.54% against the Brazilian real and ended the day trading at 5.594 reais for buying and selling at the commercial exchange rate.
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