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Brazil%27s+stock+market+plunges+after+corruption+claims
Friday, 19 May 2017 - 11:40
Brazil's stock market plunges after corruption claims
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Brazil's Bovespa stock market was briefly halted as investors reacted to corruption allegations against Brazilian President Michel Temer.

Stocks plunged more than 10% at the start of trading, prompting circuit breakers to kick in and halt dealings.

President Temer was forced to deny a newspaper report that he had given consent to paying off a witness in a huge corruption scandal.

The Supreme Court has authorised an investigation into the allegations.

 

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