Brazilian Stock Market Tumbles as Mining Giants Face Chinese Headwinds

On November 8, 2024, Brazil’s stock market took a significant hit. The Ibovespa index fell 1.37%, driven by sharp declines in mining and steel stocks. This downturn reflects broader economic concerns both domestically and internationally. Vale, Brazil’s largest mining company, saw its stock (VALE3) plummet 4.88%. Usiminas (USIM5) fared even worse, dropping 5.7%. CSN Mineração […]