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Market Update: Bovespa Snaps Eight-Day Rally

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Market Update: Bovespa Snaps Eight-Day Rally

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Market Update: Bovespa Snaps Eight-Day Rally
Brazils main stock index ended on a negative note on Tuesday as shares turned negative after eight straight days of gains, weighed down by a sell-off in the heavyweight materials sector. On the domestic front, the government plans to extend an emergency cash transfer program to aid families during the coronavirus pandemic for another two months until September. Braskem SA and B3 SA Brasil Bolsa Balcao were among the biggest laggards on the index, down 6.4% and 5.6%, respectively. [/s2If]
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