BRASILIA: Brazilian markets rebounded on Wednesday after a poll showed far-right presidential candidate Jair Bolsonaro slightly gaining strength in a second-round vote, driving bargain-hunting following a deep selloff.
The benchmark Bovespa stock index rose almost 1 percent, led by blue chips such as oil company Petr?leo Brasileiro SA, lender Banco Bradesco SA and power utility Centrais El?tricas Brasileiras SA.
The Brazilian real firmed slightly after slipping 1.5 percent the day before.
Bolsonaro, who was stabbed at a campaign event last week, has tapped a University of Chicago-trained banker as his main economic advisor. Investors had hoped Bolsonaro would benefit from a sympathy vote, reducing the likelihood that leftist rivals Fernando Haddad or Ciro Gomes would win this year's vote.
Other markets in Latin America also edged up as investors took a breather from recent losses stemming from escalating trade tensions between the United States and other countries. Currencies from Mexico, Chile and Colombia firmed between 0.7 and 1.3 percent.
Stock indexes across the region rose.
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