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Cedears: strong rise of Chinese technology companies in the face of the collapse of Brazilian companies

In relation to the papers with the highest market share, Coca Cola rose 1.1%, and Mercado Libre fell 0.1%.

Between the Cedears more operated, the main drops were from Brazilian companies, Petrobras (-5%), Banco Bradesco (-3.4%), and mining company Vale (-2%).

This happened in tune with Brazil’s main stock index that fell sharply on Tuesday. because the information that the federal government plans to bypass the spending ceiling to finance welfare programs scared investors. According to preliminary data, the Bovespa fell 3.2% to 110,762 points.

The volume traded at Cedears during the day rose 43% to Ch $ 3,729 million, which represented 70% of that traded in equities.

For its part, the New York Stock Exchange ended higher on Tuesday after a session driven by strong company results in the third quarter. The Dow Jones index thus ended up 0.56% to 35,457.31 points. The Nasdaq technology gained 0.71% to 15,129.09 units. And the S&P 500 rose 0.74% to 4,519.63 points, close to its September record.

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