Key Points
Brazil’s Ibovespa rose 0.52% to 171,259 on Tuesday, a second straight gain, shrugging off a sharp technology sell-off on Wall Street.
The standout was the divergence: as US tech tumbled on artificial-intelligence bubble fears, foreign money rotated into Brazil for diversification.
The catch was the currency: the dollar jumped to nearly 5.19 reais, its strongest since late March, as a global dollar rally gathered pace.
The central bank’s meeting minutes kept the door open to more rate cuts but stressed that inflation risks now tilt to the upside and fiscal discipline is needed.
