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  • The Sao Paulo stock exchange plunged more than 10 percent Wednesday and temporarily halted trading for the sixth time in eight sessions as the coronavirus pandemic continued to batter world markets. The Ibovespa index fell 10.26 percent, triggering circuit breakers that temporarily suspend trading in case of a massive sell-off. Despite the announcement of economic stimulus measures in Brazil, as well as the United States and Europe, Latin America's largest stock exchange hit its lowest level since 2017. The biggest losers included airline Azul, which was down nearly 33 percent, and travel company CVC, which was down more than 27 percent. The Brazilian real weakened 2.3 percent, to 5.12 to the dollar. Brazil announced a stimulus package Monday night of 147 billion reals (nearly $30 billion) in emergency spending to stave off the impact of the pandemic. But despite such measures in Brazil and beyond, the pandemic continued to fuel fears of a deep global recession. bur-jhb/ft
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  • Brazil stocks plunge in new virus rout
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