Global Dip Buyers Pile Into Brazil’s Hard-Hit Equity Market
- Brazil stocks saw largest weekly net foreign inflow in a year
- Strength in commodities drives gains, AllianceBernstein says
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Offshore investors are putting money to work in Brazil’s battered equity market as they rush for exposure to commodity producers at depressed valuations.
Non-residents added about 7.8 billion reais ($1.4 billion) to Brazilian stocks last week, the biggest weekly net amount in a year, and more buying continued on Monday, according to exchange data compiled by Bloomberg.