The Ibovespa sank the most among the world’s equity benchmarks as commodity exporters including iron-ore producer Vale SA tumbled on signs that growth is slowing in China, Brazil’s biggest trading partner.
Bradespar SA, the Banco Bradesco SA unit that is part of the group that controls Vale, was the worst performer on the MSCI Brazil/Materials Index. Embraer SA fell as Banco Santander SA reduced its recommendation on the plane builder to the equivalent of sell. Retailer Cia. Hering declined as traders raised bets on higher borrowing costs.
