China Rally Sparks Biggest Gain in Americas for Brazilian Stocks
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A rally in Chinese stocks sent the Ibovespa to the biggest gain in the Americas, spurring a rebound from the lowest valuation level in three months.
Brazil’s equity benchmark wiped out this week’s decline as unprecedented government intervention in the Asian nation helped stem losses that erased $3.9 trillion in less than a month. Lenders Itau Unibanco Holding SA and Banco Bradesco SA led gains in the Ibovespa Friday.