Brazil’s Markets Fall Anew as Virus Reaches Latin America

• Brazilian markets are heading lower for a second day amid mounting concern about the impact of the coronavirus outbreak as it reaches Latin America.
• Futures on the Ibovespa equity index were down more than 2% after stocks posted the biggest tumble, since May 2017, on Tuesday. The biggest exchange-traded fund tracking Brazilian stocks fell 2.5% in pre-market trading.
• The real weakened 0.3% to an all-time low of 4.4629 per dollar even as the central bank stepped in to support the currency for a fourth time in two weeks.

 (Source: Bloomberg)