Rio Times Global Economy Briefing
The Big Three
A global chip rout. Semiconductor stocks tumbled worldwide after South Korea’s market fell nearly 10%, dragging the Nasdaq down 2.21% in a second day of heavy tech selling.
Yields hit a multi-year high. The two-year US government bond yield rose to its highest since early 2025, as fresh talk of a rate increase unsettled markets.
Brazil explains its cut. The central bank published the minutes of its meeting, setting out why easing inflation and a calmer world gave it confidence to begin lowering rates.
