Brazil Roiled by China Mess Shows Investors Can't Catch a Break
- Turmoil in top trading partner sends Ibovespa into a dive
- `Scenario is not pretty' for Latin America's largest economy
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For investors in Brazil battered by a terrible 2015, there was reason to believe January would provide a respite. With summer holidays in full gear and Congress in recess, developments in the political scandals that had roiled markets were put on hold.
And then came China.