Brazilian Stocks Advance on China as Real Leads World DeclinesBy , , and
Ibovespa erases most of earlier gains as U.S. equities tumble
Currency drops to 12-year low after climbing as much as 1%
The Ibovespa rebounded from a six-year low as China’s efforts to shore up growth bolstered the outlook for Brazilian exporters. The real led world losses as data showed the nation’s current-account deficit widened.
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