Business · Markets · 5 hrs ago

Brazil's Ibovespa falls 9.88% in October, its worst month since 2022

Brazil's Ibovespa falls 9.88% in October, its worst month since 2022

Brazil's Ibovespa fell 9.88% in October, ending the month at 167,921.80 points.

The Ibovespa is the stock index named in the figures, and the other measure is Brazil's commercial dollar exchange rate.

The index had its worst month since June 2022, when it last recorded a worse monthly performance.

The commercial dollar rose 5.22% during October, closing at 5.444 reais.

The figures show that the stock index fell while the dollar rose over the same month.

No further developments or next steps are specified.

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