The Brazilian stock market, Bovespa, is down over 54% for the year to U$518 billion. The market value of the stock market is inferior to what Apple is worth in the NYSE which is U$640 billion.
The these last 12 months the Bovespa value has tumbled from U$1.14 trillion to U$518 billion. Recession, currency devaluation, asset price corrections, corruption scandals. China and Fed factors and a lasting political crisis have all converged into a perfect storm.
Brazil Energy Insight 
Leave a comment