B · Normal
[Goldman Sachs: Today there may be extreme conditions in which the exchange rate of the U.S. dollar against the Brazilian real rises by 10% and the stock market falls by 15%] On October 26, Goldman Sachs said that today the Brazilian market may experience extreme conditions in which the exchange rate of the U.S. dollar against the Brazilian real rises by 10%, long-term government bond yields increase by 200 basis points, credit spreads widen by 30 to 40 basis points, and the stock market falls by 15%. It is expected that the circuit breaker mechanism in the Brazilian market may be triggered soon, at which time trading will mainly be conducted in an order-driven manner and subject to circuit breaker restrictions.
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