Hit by tariff concerns and renewed Gulf conflicts, Latin American assets fall across the board

The MSCI Latin America Stock Index fell by 2.6%, reaching its lowest level in more than two months; meanwhile, the corresponding currency index also dropped by 0.9%. The Brazilian stock market declined by 2.3%, hitting a new low for the past four months, making it one of the worst-performing markets in the region. Just a day earlier, the United States proposed a plan to impose a new 25% punitive tariff on most imports from Brazil. In the foreign exchange market, as the US dollar strengthened, the Brazilian real also fell by 1.4% against the dollar, approaching its lowest level in two months. Expand