Why Brazilian Stocks Are Crashing [The Motley Fool]
Natura &Co Holding S.A. American Depositary Shares (NTCO)
Company Research
Source: The Motley Fool
Rich Smith (TMFDitty) Author Bio Follow @@RichSmithFool What happened Natura & Co Banco Bradesco NYSE:BBD Petroleo Brasileiro NYSE:PBR NYSE:PBR.A Braskem SA NYSE:BAK just Through close of trading Wednesday, shares of cosmetics and toiletries producer Natura slid .7%, banker Bradesco fell 6.8%, oil giant Petroleo Brasileiro dropped 0.%, and chemicals maker Braskem crashed .7%. Image source: Getty Images. So what Coronavirus According to Johns Hopkins University, Brazil still has only passing exposure to the contagion -- 7 confirmed cases today, and only three deaths. But the Brazilian health minister warns that these "official" figures may not be accurate, and Brazil's numbers are certain to rise -- and is calling for stricter government controls to get ahead of the curve. President Jair Bolsonaro, on the other hand, thinks coronavirus fears are bordering on "hysteria" and yesterday cast doubt on the need for "banning this and that ... to contain the spread." In Bolsonaro's view, "the
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