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Brazil’s Markets Aren’t Fazed by Latest Corruption Scandal Headlines

Brazil’s newsstands and its markets have never seemed more disconnected.

As the nation obsesses over new details emerging from a sweeping corruption probe that’s implicated top business executives and politicians — with pundits predicting who is likely to end up in jail and which government figures will resign in disgrace — Brazilian assets are extending a rally that’s made them among the best performers in emerging markets.

Investors, it seems, just don’t care about the scandal.

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