From BigGo Finance · BigGo Finance · · 50s
Brazilian Shares Plunge as XP Tumbles 50%
Brazilian stocks crash overnight as XP drops over 50% in single day.
In brief
Brazilian stocks crash overnight as XP drops over 50% in single day. Brazilian companies listed in the U.S. saw shares plunge over 50% in one day as XP fell more than 50%. Originally reported by BigGo Finance.
Brazilian Shares Plunge
During the October 26 U.S. trading session, shares of Brazilian companies listed in the U.S. plunged collectively.
XP Tumbles Over 50%
Investment platform XP fell by more than 50% at one point during the October 26 trading session.
PAGSEGURO DIGITAL Drops
Payments company PAGSEGURO DIGITAL dropped over 30% during the October 26 trading session.
Itaú Unibanco and Petrobras Decline
Itaú Unibanco and Petrobras both posted double-digit declines during the October 26 trading session.
In short
Brazilian companies listed in the U.S. saw shares plunge over 50% in one day as XP fell more than 50%.
