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EWZ - Brazilian Small-Caps Suffer Large Declines Amid Political Uncertainty
iShares Inc MSCI Brazil
As of the ring of the closing bell on Friday, 04/24/2020, BRF and EWZ have dropped by 8.85% and 7.67%, respectively. Ibovespa, the leading Brazilian Index, fell by 5.45% during the trading period, contributing the most to the significant drop in the price of the Brazillian Market ETFs. The Brazilian real fell by more than 1.35%, also adding fuel to the fire. The decline in price came as a response to investors' uncertainty caused by the surprising resignation of Sergio Moro. This comes one week after the Health Minister, Luiz Henrique Mandetta, was fired by