As the global AI trade cracks, money is rotating into Latin America's cheap banks and miners, pushing Brazil's Ibovespa to a record.
Markets · Analysis
Key Facts
A global rotation. As Asia’s chipmakers crashed for a second time in a week, money fled expensive technology for cheaper, steadier shares.
Latin America benefits. The region is full of exactly what nervous money wants now — cheap banks, miners and energy firms.
Brazil set a record. The Ibovespa closed Friday at an all-time high of 173,295, up 0.76%, with Colombia, Argentina and Chile also higher.
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