The Brazilian stock market crashed in connection with the outbreak of a political scandal

© AFP 2017 / AnholetaПрезидент Andressa of Brazil Michel TemerThe Brazilian stock market crashed in connection with the outbreak of a political scandal© AFP 2017 / Andressa Anholeta

A collapse of quotations from 8.8% noted Thursday during trading on the largest in Latin America, the Brazilian stock exchange in são Paulo.

According to the channel Telesur, the Bovespa index fell to 61.5 thousand points after six days of continuous growth. The reason for this decline, experts called the outbreak in Brazil, the political crisis associated with the name of the President Michel Temer.

In the end, trading was suspended for half an hour to brake a collapse of quotations.

After Sao Paulo, the fall occurred on the main Argentine trading platform – stock exchange of Buenos Aires. Thus, the MERVAL index lost 4.2%, dropping to 28874 points, while the peso fell sharply against the dollar, exceeding 16 pesos per unit of U.S. currency.

Previously, the Supreme court of Brazil approved the investigation against the head of state Michel Temer in connection with the request of one of the deputies after the published portal Globo audio. During the meeting, Temer allegedly gives the order to pay more than 630 thousand dollars of eks-the head of the chamber of deputies, Eduardo Cunha for «silence» on the case of corruption around oil company Petrobras. Sam Temer rejects the accusations and says he will not resign.

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