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  • Brazilian stocks rebounded Friday after days of carnage caused by the coronavirus pandemic, following European markets higher to partially recover their losses. The Sao Paulo stock exchange's Ibovespa index surged more than 14 percent at opening, but then settled to a gain of about seven percent, after losing 14.78 percent Thursday. The Brazilian real, which dropped below five to the dollar for the first time ever Thursday, also bounced back, trading at 4.68 to the dollar. The Sao Paulo stock exchange has suspended trading four times this week when double-digit losses triggered automatic circuit breakers that halt activity in such cases. Oil and airline stocks, the week's biggest losers, had some of the biggest rebounds. State-run oil company Petrobras was up 12 percent, while airlines Gol and Azul were up eight percent and 12 percent, respectively. bur-jhb/ft
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  • Brazil stocks rebound after virus havoc
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