RIO DE JANEIRO, Feb. 28 (Xinhua) -- Brazil's Sao Paulo Stock Exchange's Ibovespa indicator closed at 104,171 points on Friday, in a week marked by sharp falls amid panic over the novel coronavirus epidemic.
In the week, the Ibovespa accumulated a fall of 8.37 percent, which is the worst weekly result registered in the Sao Paulo Stock Exchange since August 2011, when the country was under the effects of the international financial crisis.
The Stock Exchange was closed on Monday and Tuesday due to Carnival, but on Wednesday the Ibovespa fell 7 percent, amid news of confirmed COVID-19 case in Brazil. On Thursday, the indicator fell 2.59 percent, and on Friday it recovered slightly with a rise of 1.15 percent.
The indicator accumulated a fall of 8.43 percent in February and 9.92 percent in the first two months of 2020.
